AMSTERDAM, Sept 5 — Air France-KLM and Airbus, two aviation engineering companies, said on Tuesday that they agreed to enter into exclusive negotiations for a 50-50 joint venture to offer maintenance services of Airbus A350 components, reported dpa news agency.
Under the cooperation, Air France Industries KLM Engineering & Maintenance and Airbus will transfer their respective aircraft components assets into the joint venture pool. The joint venture is expected to be operational by the first half of 2024, subject to approval by all relevant authorities.
With the joint venture, the companies expect to meet the growing long-term maintenance needs of the Airbus A350 worldwide fleet, by enhancing capacity, expanding the global footprint and developing solutions that benefit their customers.
— Bernama-dpa
