I Wonder how much truth is behind this one:


Air France, Japan Airlines study jv -paper

Mon Feb 22, 2010 2:26am EST

AIR France-KLM
AIRF.PA
€10.09
-0.15-1.47%
6:00am EST

Delta Air Lines, Inc.
DAL.N
$12.69
+0.14+1.12%
12:00am EST

PARIS, Feb 22 (Reuters) - Air France KLM (AIRF.PA) and Japan Airlines 9205.T are considering forming a joint venture to cooperate more closely on flights between France and Japan, according to Monday's La Tribune newspaper.
Air France was not immediately available to comment.
The possible partnership comes two weeks after Japan Airlines decided to remain in the Oneworld Alliance, instead of joining the rival SkyTeam group of which Air France is a member. [ID:nTOE618006]
The newspaper said the partnership would involve Air France and Japan Airlines sharing costs and revenues on a shared price and fare schedule. The arrangement would be similar to how Air France and Delta Airlines (DAL.N) work together on trans-Atlantic flights.
If it went through, the partnership between members of opposing camps would be a first, according to the newspaper. (Editing by David Holmes)