50 SKY SHADES - World aviation news

Lufthansa Hopes to Advance Air China Deal During Merkel Trip

Download: Printable PDF Date: 27 Oct 2015 00:51 categories:
Publisher:
Lufthansa Hopes to Advance Air China Deal During Merkel Trip - Airlines publisher
Tatjana Obrazcova
Country: Germany Aircraft: Airplanes
Source: Reuters

Germany's Lufthansa aims to make progress on a joint venture deal with Air China, in the making for more than a year, during Chancellor Angela Merkel's visit to China this week.

Karl Ulrich Garnadt, head of the German airline's passenger business, will accompany Merkel on the trip, which will include meetings with Premier Li Keqiang and President Xi Jinping, a Lufthansa spokesman said.

Lufthansa signed an agreement in principle on a partnership with Air China in July 2014, seeking to improve its position in China, the world's second-largest aviation market.

But Lufthansa cautioned later in 2014 that it could take until 2016 before the joint venture is fully up and running, due to the time needed for antitrust approval.

Under the deal, the two partners plan a joint venture that will allow them to share revenue on certain routes by selling tickets for each others' flights.

Such arrangements allow airlines to work together on routes and pricing, while sidestepping foreign ownership rules that keep them from merging.

Lufthansa has similar agreements with United Airlines (part of United Continental Holdings and Air Canada, on links between Europe and North America, and with ANA on routes to Japan.



Loading comments for Lufthansa Hopes to Advance Air China Deal During Merkel Trip...


Recommended

airBaltic Sees Strong Demand for Heavy Cabin Baggage

Since the introduction of the service by airBalticin March, more than 100 000 bookings for the heavy cabin baggage have been made by the airline’s passengers. Since March, ai...

Looking back at LABACE 2019 - Dassault’s Falcon 8X and Falcon 2000LXS

Last week São Paulo hosted Latin America most important business aviation event - The Latin American Business Aviation Conference & Exhibition. Let's have a look on Dassault Aviati...

Lufthansa Technik Malta receives approval for A350-1000 overhauls

Recent certification by the German Federal Aviation Office First three A350 customers expected until the end of this year Lufthansa Technik Malta is now officially prepared to carry out all over...

Vietnam Airlines Flies Its First Boeing 787-10 Dreamliner

  Boeing delivered the first of eight 787-10 Dreamliner airplanes to Vietnam Airlines today via lease from Air Lease Corporation . The Vietnamese flag carrier plans to put the 787-10 – t...