American and Alaska Airlines Seek Court Approval for West Coast Revenue-Sharing Pact
American Airlines and Alaska Airlines have requested court permission to enter a revenue-sharing agreement as part of their new West Coast alliance. The motion was filed in the bankruptcy court overseeing the Chapter 11 case of LATAM Airlines, a partner of rival Delta Air Lines. The airlines argue this commercial agreement is essential for their alliance to compete effectively against other major carriers on the West Coast. They state the pact is a standard business practice necessary for the success and implementation of their strategic partnership. The approval is a critical step in formalizing the alliance announced earlier in the year.
Official Source: https://news.bloomberglaw.com/bankruptcy-law/american-alaska-airlines-move-to-enter-revenue-sharing-pact
Related Aviation News:
- American and Alaska move to expand revenue-sharing pacts
- Alaska Airlines Moves to Join American Airlines International Alliances
- Alaska eyes joint ventures, Latin America partnerships
- American Airlines: no merger, yes to expanded partnerships
- Styrofoam fights for its life as plastic industry mounts recycling push