newstodate.aero
May 03, 2013 (newstodate): The joint-venture set up in 1995 between SAS and Lufthansa concerning air traffic between Germany and Scandinavia has now been officially called off.
The two Star Alliance-airlines will continue their code-share agreements and the cooperation between their mileage program will remain unchanged.
The basic idea was to set up a regional joint venture, owned jointly and equally by the parties, as their exclusive vehicle for offering scheduled passenger air transport services between Germany and Scandinavia.
The management of the joint venture decided on such matters as capacity, frequencies and fares.
Each party was to provide a minimum percentage of the transportation requirements of the joint venture, while sharing the profits and losses of the joint venture.
With the abrogation of the JV, both airlines are now free to act independently in the air travel market between Germany and Scandinavia, probably heralding new initiatives by Lufthansa Cargo in the Scandinavian markets.
The joint-venture concerned only the passenger traffic, while air cargo was not included.
The two Star Alliance-airlines will continue their code-share agreements and the cooperation between their mileage program will remain unchanged.
The basic idea was to set up a regional joint venture, owned jointly and equally by the parties, as their exclusive vehicle for offering scheduled passenger air transport services between Germany and Scandinavia.
The management of the joint venture decided on such matters as capacity, frequencies and fares.
Each party was to provide a minimum percentage of the transportation requirements of the joint venture, while sharing the profits and losses of the joint venture.
With the abrogation of the JV, both airlines are now free to act independently in the air travel market between Germany and Scandinavia, probably heralding new initiatives by Lufthansa Cargo in the Scandinavian markets.
The joint-venture concerned only the passenger traffic, while air cargo was not included.