Source: Benzinga Feeds
The new trilateral strategic partnership among Virgin Atlantic, Delta Airlines (NYSE: DAL ) and Air France-KLM is expected to benefit cargo customers by making it easier to do business, providing more delivery choices and improving operational efficiencies. The trans-Atlantic joint venture became effective Monday, more than two months after the U.S. Department of Transportation approved the arrangement. It replaces arrangements Delta had with Virgin Atlantic on U.S.-U.K. routes and among Delta and Air France-KLM on U.S.-Europe services, creating a powerful counterweight to the close alliance among British Airways, Iberia and American Airlines (NASDAQ: AAL ). The granting of antitrust immunity by regulators opened the door for greater collaboration among the airlines. The partnership offers shippers and logistics providers a broader network with route flexibility and connectivity, and more options to reroute a shipment if service is interrupted for unforeseen circumstances on a particular flight.