Deals
Delta Builds a Global Alliance With Air France
- China Eastern will also invest in Europe’s biggest airline
- French carrier to acquire Virgin Atlantic holding from Branson
Air France-KLM CFO Expects Good Summer Amid Good Market
This article is for subscribers only.
Delta Air Lines Inc., China Eastern Airlines Corp. and Air France-KLM Group are reaching for their checkbooks to forge a deeper global alliance.
The U.S. and Chinese carriers will each buy a 10 percent holding in Europe’s biggest airline. At the same time, Air France-KLM will take a 31 percent stake in the U.K.’s Virgin Atlantic Airways Ltd., in which Delta is a major investor.