Monday, July 7, 2014
Lufthansa and Air China have announced a memorandum of understanding for the establishment of a joint venture between the two carriers. Both airlines are already members of the Star Alliance and have cooperated in a variety of forms since 1989, including a code-sharing agreement that has been in place since 2000. The specific routes included and other details of the joint venture, which is anticipated to begin late this year, have yet to be announced, but it is expected to include some revenue sharing. The two carriers have been in discussions over expanding their cooperative arrangements since at least last October.