Delta, Air France-KLM, Virgin Atlantic will launch combined joint venture

Delta Air Lines (NYSE: DAL) has deepened its partnership with Air France-KLM Group with a EUR 375 million investment to acquire 10 percent equity in the joint venture partner and a seat on the Air France-KLM Group board of directors, the company said.

Additionally, Delta, Air France-KLM and Virgin Atlantic will launch a combined long-term joint venture, supported by a 31 percent investment by Air France-KLM in Virgin Atlantic, to offer customers the most comprehensive trans-Atlantic route network.

Delta Air Lines and the Delta Connection carriers offer service to nearly 370 destinations on six continents.

All transactions are subject to execution of definitive agreements and receipt of final shareholder, board and regulatory approvals.

The Atlanta-based airline´s existing joint venture with Air France-KLM dates to 2009, with the addition of Alitalia in 2010. In 2012 Delta launched a joint venture with Virgin Australia followed in 2013 by both a 49 percent investment in, and joint venture with, Virgin Atlantic.

Delta Air Lines serves more than 180 million customers each year. Headquartered in Atlanta, it employs more than 80,000 employees worldwide and operates a mainline fleet of more than 800 aircraft.