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| Name | Symbol | Market | Type |
|---|---|---|---|
| Air France ADS (PK) | USOTC:AFLYY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.02 | -1.82% | 1.08 | 1.04 | 1.11 | 1.13 | 1.05 | 1.13 | 8,864 | 21:00:23 |
From May 2023 to May 2024
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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