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India’s Jet Airways has finalized a revenue share agreement with Air France-KLM on select routes to Europe.
The airlines will share passenger traffic revenue on the India-Amsterdam and India-Paris routes. Cargo revenue will not be shared, reports Business Standard.
It is based on the principle of ‘metal neutrality’ under which the airline partners share revenue or profits on select routes, irrespective of which airline (metal) flies the passenger.
The agreement would provide a boost to Jet Airways reach to Western destinations without having to deploy its own planes. It will also help Jet Airways to effectively deploy its wide-body Boeing 777 aircraft and improve its profitability.
The agreement also signals Jet Airways alignment with Air France-KLM and their partner airlines, Delta and Virgin Atlantic.
Jet Airways already has code share partnerships with both airlines as well as with US’ Delta Air Lines. The partnerships enable Jet passengers access to 34 US and 43 European destinations via its European hub, Amsterdam, and 27 via Paris.
Jet Airways is part owned by Abu Dhabi’s Etihad Airways and enjoys second highest market share in the Indian domestic circuit after Indigo Airlines, promoted by InterGlobe Aviation.