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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Air FranceKLM | EU:AF | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.112 | 1.57% | 7.232 | 7.23 | 7.28 | 7.30 | 7.12 | 7.16 | 1,695,000 | 16:40:00 |
By Mauro Orru
Airbus and Air France entered into exclusive negotiations aimed at establishing a joint venture to provide A350 component maintenance services, including supply chain management and repairs.
The European plane maker said Monday that the joint venture would help meet growing long-term maintenance demand for the A350, of which there are more than 1,000 aircraft on order and 550 currently in service worldwide.
Airbus and Air France-KLM's Air France will each own 50% of the joint venture, which is expected to be operational by the first half of 2024.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
September 04, 2023 13:15 ET (17:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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