EUROPE & CIS: Alitalia JV with Delta, Air France aimed at US
CAI Alitalia SpA has signed a joint venture agreement with Air France- KLM and Delta Air Lines that ramps up the Italian carrierÃ¢â‚¬™s long-haul flights to the US. CAI Alitalia chief executive Rocco Sabelli called the joint venture Ã¢â‚¬Å“fundamental for the definitive revivalÃ¢â‚¬Â of the Italian carrier. Sabelli said there were no plans to merge […]
August 1, 2010
Sabelli said there were no plans to merge CAI Alitalia with Air France, which already owns 25 per cent of the carrier. Ã¢â‚¬Å“The joint venture is a way of ramping up operational scale while keeping corporate balance sheets of member companies sustainable,Ã¢â‚¬Â Sabelli said, adding that he hoped more airlines, including smaller ones, would join the venture.