Jet Airways in negotiations with SkyTeam airlines for trans-Atlantic JV
Jet Airways is reportedly in discussions with SkyTeam alliance members Air France-KLM, Alitalia and Delta Air Lines over plans for the carrier to join their trans-Atlantic JV. The carriers are reportedly in negotiations with Jet Airways over its entry into their JV agreement in 2012, ahead of its proposed integration into the broader SkyTeam alliance. Shares in Jet Airways were down 1.8% on Thursday.
- Jet Airways is in discussions with Air France-KLM, Alitalia, and Delta Air Lines to join their trans-Atlantic joint venture.
- The venture would involve codesharing, cooperation on FFP programs, and cost and revenue sharing on trans-Atlantic routes.
- Air France-KLM is negotiating for Jet Airways to transfer its European hub to Amsterdam from Brussels.
- JAL Group reported a decline in passenger numbers in January 2011, both domestically and internationally.
- Hainan Airlines reported a slight increase in passenger numbers in February 2011.
- APAD daily share price movements on March 10, 2011, were not provided.
The venture between the four airlines would include codesharing, cooperation on FFP programmes as well as cost and revenue sharing on trans-Atlantic routes. Air France-KLM is also reportedly negotiating for Jet Airways to transfer its European hub to Amsterdam from Brussels with the intention to let Jet take over flight operations from KLM on "one specific route" between Amsterdam and a US destination. Transferring the hub to Amsterdam would reportedly result in all the contracts Jet Airways has with American Airlines being transferred to KLM. An agreement expected to be signed within the next two months, provided it is approved by Indian authorities.
JAL Group reported the following passenger traffic highlights in Jan-2011:
- Passenger numbers:
- Domestic: 2.3 million, -14.9% year-on-year;
- International: 608,528, -26.2%;
- Southeast Asia: 213,274, -22.7%;
- Trans-Pacific: 145,744, -24%;
- Korea: 87,483, -19.6%;
- China: 84,382, -24.7%;
- Europe: 47,490, -25.1%;
- Oceania: 15,591, -43.5%;
- Guam: 14,564, -68.1%.
- Passenger load factor:
- Domestic: 57.7%;
- International: 70.2%;
- Cargo volume:
- Domestic: 27,625 tonnes, -13.2%;
- International: 18,639 tonnes, -57%.
Hainan Airlines reported the following passenger traffic highlights in Feb-2011:
- Passenger numbers: 1.7 million, +4.9% year-on-year;
- Passenger load factor: 84.6%, +3.0 ppts;
- Cargo volume: 14,462 tonnes, -18.4%.
Selected APAD daily share price movements (% change): 10-Mar-2011
