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Wednesday, 29 November, 2017, 16 : 10 PM [IST]

Jet inks ‘Enhanced Cooperation Agreement’ with Air France-KLM

Jet Airways has signed an ‘Enhanced Cooperation Agreement’ with Air France-KLM for the development of their operations between Europe and India. This is a four-side code-share agreement involving Jet, Air France, KLM and Delta Airlines. This agreement is aimed at strengthening connectivity between India, Europe and North America and will allow access to 44 destinations in India and 106 destinations in Europe.

This agreement will complement the Air France-KLM and Delta Air Lines’ transatlantic partnership between Europe and North America, offering access to over 200 destinations in North America, establishing a global cooperation connecting the three continents.

Jean-Marc Janaillac, Chairman and CEO Air France-KLM, stated, “Air France-KLM and Jet Airways are launching the first-of-its-kind cooperation agreement on the India–Europe sector. We are innovating within the airline industry by offering connections between two partnerships for the first time: our enhanced cooperation agreement for India - Europe with Jet Airways and the Air France-KLM and Delta Air Lines’ Europe - North American joint venture. Jet Airways, Air France, KLM, and, Delta Air Lines will thus connect India to a vast transatlantic network via the Paris-Charles de Gaulle and Amsterdam-Schiphol hubs”.

“The enhanced cooperation agreement between Jet Airways,  Air France and KLM also celebrates Jet Airways’ 25th Year and Air France’s 70 Years in India and represents the next stage in our journey of offering our valued guests greater choice, connectivity, and comfort across our combined global networks. I am excited for the future, as we move forward with this historic development and the exciting new value proposition which will drive tremendous benefits to our customers,” said Naresh Goyal, Chairman, Jet Airways.

Presently Air France-KLM and Jet carry over 1.2 million customers between India and Europe, and by this agreement the target is to reach 1.7 million passengers by the end of 2018 thereby meet a 40% growth. Vinay Dubey, CEO, Jet Airways said that by this development they are expecting at least a billion dollar revenue generation.

Jet also has a deep cooperation commercial agreement with Etihad Airways. On being asked if the ‘Enhanced Cooperation Agreement’ with Air France-KLM will impact the relations between Jet Airways and Etihad Airways, Goyal commented, “Middle East is one of the most important markets for Jet Airways and this agreement will certainly not have any impact on our already healthy relations with Etihad Airways. Both airlines shall continue to work hand-in-hand for mutual benefits.”

 
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