Tag: Joint Venture

Wizz Air Abu Dhabi to Commence Operations in October

Reading Time: < 1 minute A joint venture created between the Hungarian low-cost carrier and Abu Dhabi state holding company ADQ, Wizz Air Abu Dhabi, is set to commence operations on 1 October, 2020. The airline will begin with services on six new routes connecting Abu Dhabi with Europe and Egypt. The destinations from the capital of the UAE are […]

Boeing Tie-up with Embraer Pushed Back Until Early 2020

Reading Time: < 1 minute The expected close of the Boeing and Embraer deal was pushed back to early 2020 due to a hold-up in the assessment process from the European Commission. The establishment of the Joint Venture under the “Boeing Brasil – Commercial” name was expected to come into effect by the end of 2019. However, the European regulator […]

Boeing and Embraer Forge $4.75 Billion Commercial Jet Venture

Reading Time: 2 minutes Boeing and Embraer announced they have signed a Memorandum of Understanding to establish a strategic partnership that positions both companies to accelerate growth in global aerospace markets. The non-binding agreement proposes the formation of a joint venture comprising the commercial aircraft and services business of Embraer that would strategically align with Boeing’s commercial development, production, […]

Delta and Korean Air to Launch World-Class Joint Venture Partnership

Reading Time: 2 minutes Delta Air Lines and Korean Air will launch a new joint venture partnership that will offer customers world-class travel benefits across one of the most comprehensive route networks in the trans-Pacific market. The joint venture has now been approved by regulatory authorities in the U.S. and Korea, including the U.S. Department of Transportation and the […]

American and Qantas Resubmit JV Application to DOT

Reading Time: 2 minutes American Airlines and Qantas have filed an application with the U.S. Department of Transportation (DOT) seeking approval to form a joint business to better serve customers flying between North America and Australia and New Zealand. The proposed joint business will significantly improve service, stimulate demand and unlock more than $300 million annually in consumer benefits […]

Delta and WestJet Agree to Form Joint Venture

Reading Time: < 1 minute Delta Air Lines and WestJet have agreed to deepen their existing partnership by entering into a comprehensive transborder joint venture that will increase travel choices between the U.S. and Canada. The airlines have entered into a preliminary memorandum of understanding regarding their intention to deepen their existing partnership to form an commercial joint venture arrangement, […]

Delta, Korean Air Joint Venture Granted Approval by U.S. DOT

Reading Time: 2 minutes Today, Delta Air Lines and Korean Air took a significant step in the creation of their trans-Pacific joint venture with approval of the joint venture by the U.S. Department of Transportation. The DOT approval reflects the consumer benefits that will be created by the new joint venture. The two carriers will deepen their relationship, offering […]

Air France and Vietnam Airlines Sign a New Joint Venture

Reading Time: 2 minutes On 10 October 2017, Air France and Vietnam Airlines announced the signing of a strategic partnership allowing the two airlines to optimize their services between France, Europe and Vietnam and to strengthen their position in a buoyant but highly competitive market. Starting 1 November 2017, date of the launch of this new joint venture, Air […]

AviaAM Financial Leasing China Concludes $500 Million Aeroflot Project

Reading Time: < 1 minute AviaAM Leasing, a Warsaw Stock Exchange listed aircraft leasing company, is delighted to announce that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has brought a $500 million-worth aircraft delivery project to a conclusion. Eight brand new aircraft were delivered to Aeroflot -Russian Airlines […]

Delta Purchases 10% Stake In Air France-KLM

Reading Time: 2 minutes Delta Air Lines is deepening its longstanding and industry-leading partnership with Air France-KLM Group with a €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. Additionally, Delta, Air France-KLM and Virgin Atlantic will launch a combined long-term joint venture, supported […]