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Delta, Air France, and Virgin Atlantic suddenly fly together

Staff Writer |
Delta Air Lines, Air France-KLM, and Virgin Atlantic unveiled plans to combine two overlapping transatlantic joint-ventures.

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This will be cemented by $1 billion of equity deals as airlines brace for competition and wider consolidation.

The surprise realignment comes alongside a separate deal for Air France-KLM to deepen its commercial ties with China Eastern to build what it described as the European leg of a global network.

The shake-up is designed to strengthen partnerships between major carriers on the North Atlantic, where new low-cost entrants have shaken up the market in the last year.

It will also give a boost to Air France-KLM, with both Delta and China Eastern taking stakes in the Franco-Dutch group.

The transatlantic partnership combines existing joint-ventures between firstly Air France-KLM, Delta and Alitalia, and secondly between Delta and Virgin Atlantic, Air France-KLM said.

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