Originally Posted by
Carl Spackler
At that time, AF/KLM constituted the entire Atlantic Joint Venture.
Contractually, there is no such thing. It is the Delta / Air France / KLM / Alitalia Joint Venture, formerly the Delta / Air France / KLM Joint Venture.
Originally Posted by
Carl Spackler
...our contractual language didn't specify airlines joining or removing themselves, it specifies percentage shares of the EASK's between the two sides...regardless of those sides' member airlines.
Completely wrong. The original language of 1 P. Delta / Air France / KLM Joint Venture (which was added to the PWA in 2009) established a baseline of flying between those three carriers of 51.7% for Delta and 48.3% for AF/KLM. This baseline was taken from the actual balance of flying that existed in the 12 months ending March 31, 2009, and established a required minimum percentage of the total flying among the three airlines for Delta.
The language also provided for an
adjustment to that baseline were another carrier to join the JV. This adjustment would reflect the change to parties' shares of flying caused by the addition of the new airline.
When Alitalia joined the JV in 2011, the baseline was adjusted in accordance with the PWA, except that Delta agreed to a higher minimum than its actual percentage at the time due to its growth plans.