Lufthansa and Air China en­ter joint op­er­a­tions agree­ment

The Myanmar Times - - International Business -

GER­MAN air­line Lufthansa and Air China have signed a deal to jointly op­er­ate all the groups’ con­nec­tions be­tween Europe and China.

“The Chi­nese avi­a­tion mar­ket is one of the most im­por­tant growth mar­kets world­wide. We want to profit from this growth to­gether,” Lufthansa chief ex­ec­u­tive Carsten Spohr said.

The Chi­nese flag car­rier and Lufthansa, Europe’s largest air­line, have had a joint ven­ture in their sights since sign­ing a mem­o­ran­dum of un­der­stand­ing in 2014.

The move is “an­other ma­jor step of Air China’s glob­al­i­sa­tion strat­egy”, chair Cai Jian­jiang said.

Added to Lufthansa’s other co­op­er­a­tions, in­clud­ing with Ja­pan’s ANA and Sin­ga­pore Air­lines in Asia, and United Air­lines and Air Canada in North Amer­ica, the joint ven­ture means around half of the Ger­man gi­ant’s long-haul flights are now cov­ered by such agree­ments.

The two groups plan to co­or­di­nate their sched­ules, of­fer com­mon fares, and im­prove of­fers to cor­po­rate clients and fre­quent fly­ers.

As well as Lufthansa it­self, the deal cov­ers sub­sidiaries Aus­trian Air­lines and Swiss In­ter­na­tional Air­lines. –

Photo: EPA

Carsten Spohr (third right), chair of the Ex­ec­u­tive Board and CEO of Deutsche Lufthansa AG, and Song Zhiy­ong (third left), vice chair and CEO of Air China, at the joint ven­ture sign­ing cer­e­mony in Bei­jing on Septem­ber 20.

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