Joint Ventures
Joint Ventures in aviation refer to a business agreement between two or more airlines to operate a specific route or set of routes together. The airlines share the costs and profits of the venture, and often share resources such as aircraft and ground handling services. Joint ventures allow airlines to expand their network and offer more destinations to their customers without having to invest in new aircraft or infrastructure. They also allow airlines to coordinate schedules and offer more frequent flights, which can be beneficial for passengers. Joint ventures are subject to regulatory approval and are often scrutinized for their potential impact on competition.
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