Vietnam Airlines and Air France have announced the agreement of a joint venture.
The partnership will start on November 1 and allow the two carriers to “optimise their services…and to strengthen their positions in a buoyant but highly competitive market.
The airlines said they are “committed to offering more flight options and convenience to passengers through a collaboration in their flight schedules”.
The airlines will work together to improve service quality and collaborate on promotions, particularly in relation to Vietnam Airlines’ Lotus Miles and Air France’s Flying Blue loyalty programmes.
Duong Tri Thanh, president and chief executive of Vietnam Airlines, said: “Vietnam Airlines and Air France started a Code-share cooperation in 2010, when Vietnam Airlines joined SkyTeam Global Alliance.
“After the completion of the four-star service programme, Vietnam Airlines expects to take the current joint venture with Air France to the next level in order to reach our full potential in France and Europe.
“Thanks to the new strategic partnership, our customers, including businesses and individuals, will enjoy comprehensive services and benefits, contributing to the development and connection between the two countries and two continents.
“Co-operation with Air France also demonstrates Vietnam Airlines’ commitment and determination in boosting investment in the international market, especially the French and European markets through the key routes between Vietnam and France.”
Franck Terner, chief executive of Air France, added: “Consolidating our alliances is one of the aims of our Trust Together strategic plan.
“This joint venture agreement will be a long-term source of value for our customers and for our two airlines. Our aim is to maintain and develop our position as European leader in this region with very strong growth potential.”