Air France-KLM creates single joint venture with Chinese partners
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FILE PHOTO: An Air France pilot looks on as he taxis his Boeing 777 aircraft after landing at the Charles de Gaulle International Airport in Roissy, near Paris, October 27, 2015. Picture taken October 27, 2015. REUTERS/Christian Hartmann/File Photo
PARIS (Reuters) - Air France, KLM (AIRF.PA), China Southern Airlines (600029.SS) and Xiamen Airlines will merge their existing joint venture agreements, the Franco-Dutch airline group said on Monday.
The single joint venture for travel between Air France-KLM’s Paris and Amsterdam hubs in Europe and Chinese cities will strengthen the two airlines’ position on the growing Chinese air transport market, Air France-KLM said in a statement.