Sunday, October 10, 2010
Air Canada and United agree to revenue sharing joint venture
Air Canada and United Continental Holdings, Inc. announced that the airlines have concluded a Memorandum of Understanding setting out the principles for a comprehensive revenue-sharing joint venture that would provide for an enhanced partnership on United States-Canada transborder flights, and generate substantial service and pricing benefits for consumers traveling between the two countries.
Air Canada said its transborder network of 59 US cities will be bolstered by United's presence in 210 US airports. United's network of 16 Canadian cities will gain the 59 communities that Air Canada serves.
The airlines expect to launch the venture in early 2011.
Air Canada said "By managing pricing, scheduling and sales through a stronger joint venture, the carriers will be better able to serve customers by offering more travel options."