Air Transport World

ANA, Asiana in ownership pact.(FINANCIAL RESULTS, NEW DEALS, AND REPORTS FROM EVERY CORNER OF THE GLOBE)

Star Alliance partners ANA and Asiana Airlines announced a cross-shareholding agreement that will strengthen their strategic partnership, which includes a codeshare deal announced in February covering 154 flights on 18 routes between Korea and Japan. The deal, first mooted in December, involves each carrier taking a $12 million stake in the other, an extension of the codeshare arrangement to cover ANA's Tokyo Narita-Honolulu service beginning July 1 and the creation of a major triangulation route among Seoul Gimpo, Tokyo Haneda and Shanghai Honqiao. …

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