A new transatlantic joint venture between Air France-KLM and Delta Air Lines will boost each partner’s profits by up to US$150 million, the two airlines said recently. Air France-KLM CEO Pierre-Henri Gourgeon said the 13-year agreement to pool revenue and costs for flights between Europe and the US, and to cooperate closely on many other flights, will significantly lift both carriers’ revenues while cutting costs. The deal will also mean that Delta is back in the cargo business only weeks after it announced it was grounding the ex-Northwest freighter fleet following the merger of the two carriers in April 2008. It will now have access to dedicated freighters – B747-400F, B777F and MD11F – belonging to Air France, KLM and Martinair