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Lufthansa and ANA begin strategic JV; Dart Group shares up

2-Jun-2011

Lufthansa and All Nippon Airways have announced they are launching a strategic JV on Japan-Europe routes after ANA received antitrust immunity approval from Japan's MLIT. The carriers aim to introduce the new JV within the 2011 winter timetable.

This latest agreement between the two Star Alliance members follows the launch of a similar JV between ANA and United Airlines on trans-Pacific routes in Apr-2011.

The JV between Lufthansa and ANA will allow the carriers to work together on schedule coordination and joint product sales.  The carriers aim to introduce the new JV within the 2011 winter timetable. The Asian market is a major growth market for Lufthansa and represents around 20% of its revenue, with Japan alone contributing 4% of revenue.

Lufthansa has been adding capacity to Asia and will deploy A380 equipment on Frankfurt-Singapore services from 30-Oct-2011, with A380 equipment also being deployed on Beijing and Tokyo services.  

Lufthansa shares eased 0.5% yesterday. Shares in Dart Group, parent of Jet2.com, were up 7.6%.

Selected EAD daily share price movements (% change): 01-Jun-2011


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