Airbus and Air France-KLM Maintenance & Engineering announced earlier this week that they plan to establish a joint venture company, dedicated to component maintenance service of the Airbus A350. Not just for the Air France fleet, but the JV targets to get a significant portion of the A350 cake as the global fleet grows. AirInsight asked the companies to share a few more details of the initiative.
Airbus and AFI KLM M&E said they have started exclusive negotiations, with the objective to have the joint venture operational in the first half of 2024 after regulatory approval. The JV would be split 50-50 between the airframer and airline subsidiary, with each of them accounting for the business in the financial statements of the two companies.