Air France KLM, Delta Signal Joint-Venture Deal

October 8, 2007

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Air France KLM and Delta Air Lines on Monday signaled an imminent joint-venture deal on transatlantic flights by calling a joint news conference by the two airlines' chief executives in Paris on October 17.

Air France KLM declined further comment on the invitation, but it has said it is close to finalizing a deal with Skyteam partner Delta that would create better cost-sharing and integration on the transatlantic routes.

A source close to the matter said a deal would be signed at or around the October 17 event.

The deal follows an Open Skies agreement to free up competition between Europe and the United States from April.

(Reuters)