WestJet to expand fleet, signs deal with Delta to expand partnership

NATION-NOW     Delta West Jet announce plans for U.S.-Canada joint-venture     
       Delta West Jet announce plans for U.S.-Canada joint-venture

WestJet on Wednesday also formed a trans-border joint venture with US -based Delta Air Lines to strengthen its presence in the United States.

In a Memorandum of Understanding, the airlines said the JV "will offer customers access to an extensive transborder route network, world-class airline products, enhanced frequent flyer benefits, and shared airport facilities and amenities". This partnership has the goal of adding more flights between the USA and Canada, sharing airport facilities and enhancing the frequent flyer program through both airlines.

WestJet, which competes against Air Canada, also said it had struck a preliminary agreement with Delta to coordinate schedules for new non-stop flights in the United States and Canada, along with frequent flyer points.

"With its strong brand and employee- and customer-centric culture, WestJet is the flawless partner for us in the U.S". The airline and Canadian carrier WestJet said Wednesday they have reached a deal to form a joint venture.

"We look forward to applying Delta's experience building successful joint venture partnerships to this important segment of transborder travel, the second largest global segment for U.S.travel", Sear said.

FedEx Corporation (FDX) Analysts See $2.86 EPS
Meridian Management Co increased Fedex Corp (FDX) stake by 655.27% reported in 2017Q2 SEC filing. (COHR)'s stock rose 26.93%. Zacks Investment Research downgraded FedEx from a "hold" rating to a "sell" rating in a report on Monday, November 27th.

Canada's second-largest carrier is evolving from a single brand into "a model of multiple airlines", offering higher-end service while also launching an ultra-low-cost carrier in 2018 to target customers on a budget, chief executive Gregg Saretsky said during WestJet's investor day.

Ed Sims, WestJet's executive vice president, added in the release that this partnership will help the airline achieve its goal of becoming a global option.

Delta has a 25-year track record of partnering closely with airlines around the globe, beginning with the first successful trans-Atlantic partnership, when Northwest and KLM launched their joint venture in 1993.

Steve Sear, Delta's global president, calls WestJet a "perfect partner" for the American airline.

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