Air France-KLM creates single joint venture with Chinese partners

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.