Delta Air Lines says it will create a joint venture with Air France-KLM that could eventually operate more than 200 daily flights across the Atlantic, plus additional routes to India and the South Pacific. The companies plan to share both costs and revenues, with the latter reaching an estimated $12 billion a year. "The signing of this joint venture agreement is taking place in the wider context of the liberalization of air services between the European Union and the U.S.," the airlines said.

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