China Eastern Airlines chairman Liu Shaoyong said the carrier’s role in the new transatlantic joint venture (JV)—between Air France-KLM, US-based Delta Air Lines and the UK’s Virgin Atlantic—is to enhance its position in the Sino-Europe market. The deal, announced July 27, includes Air France-KLM acquiring a 31% stake in Virgin and Atlanta-based Delta taking a 10% stake in Air France-KLM. China Eastern is expected to purchase a 10% stake in Air France-KLM with a ...

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