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Air France-KLM says buying stake in Virgin Atlantic not necessary

Air France-KLM says buying stake in Virgin Atlantic not necessary
FILE PHOTO: Logo of Air France KLM Group is pictured on the first Air France airliner's Airbus A350 during a ceremony at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau -
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REGIS DUVIGNAU(Reuters)
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PARIS (Reuters) – Airline group Air France-KLM <AIRF.PA> said on Wednesday it was not necessary to buy a stake in Virgin Atlantic to expand a transatlantic joint venture with Virgin Atlantic and Delta Air Lines <DAL.N>.

Air France-KLM also said in a statement it would continue final preparations towards the launch of the expanded joint venture in the coming weeks.

“This partnership is key to strengthen the group’s leadership position between Europe and North America”, Air France-KLM added.

(Reporting by Sudip Kar-Gupta; Writing by Matthieu Protard; Editing by Mark Potter)

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