AIR FRANCE KLM and DELTA AIR LINES to sign trans-Atlantic joint venture agreement

The AIR FRANCE KLM group and DELTA AIR LINES will today sign a global joint venture agreement under which they will jointly operate their trans-Atlantic routes, sharing revenues and costs.

The new joint venture represents approximately 25 percent of total trans-Atlantic traffic
and will be a key success factor in competing with the two other major alliances in this
market. Annual JV revenues are estimated at US$12 billion (approximately 9.3 billion
euros, reference year 2008/09). The three partners will be able to offer their customers
more than 200 transatlantic flights and approximately 50,000 seats daily.

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 United States, as part of the EU/US Air Transport Agreement. This agreement will benefit the customers of AIR FRANCE, KLM and DELTA in terms of access to a vast network of routes, new
destinations, higher flight frequencies, a wider range of fares and a harmonized product both on board and in the airport.

The joint venture’s geographic scope includes all flights between North America and
Europe, between Amsterdam and India as well as between North America and Tahiti.
On these routes, strategies and economics are to be equally shared among the
AIR FRANCE KLM Group and DELTA.
The joint venture has no predefined end date, but can be cancelled with a three year
notice, after an initial term of 10 years.

Source: Transportweekly