Air France-KLM and Airbus enter into exclusive negotiations for the creation of a joint venture dedicated to Airbus A350 component support
Source: Airbus This partnership between Air France Industries KLM Engineering & Maintenance and Airbus would entail an optimized commercial offering for customers, as well as the creation of a worldwide pool of aircraft components. Air France-KLM and Airbus announced that Air France SA (“Air France”) and Airbus SAS (“Airbus”) have entered into exclusive negotiations to establish a joint venture for the provision on a worldwide basis of Airbus A350 component maintenance services (supply chain management, repairs, creation of a worldwide pool of aircraft components). The envisaged cooperation would take the form of a 50-50 joint venture between Air France and Airbus and involve the transfer of aircraft components assets belonging to both partners into the joint venture’s pool. This joint [...]