Final Talks Between Jet Airways and Air France-KLM Underway
Jet Airways Ltd is finalising talks with Air France-KLM to create a joint venture between Europe and India, Bloomberg reported, citing French weekly La Tribune.
The JV will be connected with the partnership between Air France-KLM, Virgin Atlantic and Delta without being part of it, said the report.
The deal follows the deepening of commercial ties between Jet and Air France-KLM since the code-sharing pact in 2014. Jet Airways will start flying a Paris-to-Chennai flight from October as part of the code-sharing pact with Air France. It also shares a pact with KLM where it will start a daily Amsterdam-to-Bengaluru flight.
Shares of Jet Airways closed 0.75 percent higher ahead of the report, while the benchmark BSE Sensex ended trade flat on Friday.