AFX News Limited
Air France-KLM aims to develop single company with Delta, Northwest - report
12.06.2005, 02:41 AM
PARIS (AFX) - Air France-KLM sees a joint venture with Delta Air Lines as a step toward the long-term goal of a single entity uniting Air France, KLM, Northwest Airlines and Delta, the daily La Tribune said, without citing sources.
It quoted Air France-KLM financial director Philippe Calavia as saying the Delta joint venture must await the US airline's emergence from bankruptcy protection, which he said would not be for 1-2 years.
In October, Air France-KLM chief executive Jean-Cyril Spinetta called for closer ties with US airlines. He said these would not involve equity transfers or merger agreements but would be based on the model of the close partnership between its KLM unit and Northwest.
To be honest, I am skeptical. I just can not see Delta wanting to merge in to Air France/KLM -Northwest maybe, but not Delta.
I will admit, however; if DL did merge into AF/KLM, I could see their service quality going up (which would be nice as their service is nowhere close to AF/KLM).
As always: all opinions and constructive criticisms are welcome.