7/6/2010

A joint venture by Delta Air Lines and Air France-KLM will control about 26% of trans-Atlantic traffic following Monday's announcement that fellow SkyTeam member Alitalia will join the group. "The joint venture is a way of ramping up operational scale while keeping corporate balance sheets of member companies sustainable," said the CEO of Alitalia, which has struggled through bankruptcy, cost-cutting and strikes in recent years. Joining in the trans-Atlantic effort is "fundamental for the definitive revival" of Alitalia, he said, noting that other airlines may be added.

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