DLA Piper is advising China Eastern Airlines on a global joint venture between Air France KLM, Delta Airlines (Delta) and China Eastern Airlines (China Eastern), which have been consolidated by investments by China Eastern and Delta in Air France-KLM.

Delta and China Eastern will each acquire a 10 percent stake in Air France-KLM’s share capital within the framework of reserved capital increases totaling €750 million. Air France-KLM and China Eastern will step up their commercial cooperation and reinforce their partnership within the framework of the existing joint venture.

The transaction will seal a long-term partnership to secure Air France-KLM’s access to the Chinese market and give it a European leadership position in Shanghai, the main business market in China.

DLA Piper's Corporate and Litigation & Regulatory practices advised China Eastern Airline across multiple jurisdictions.

Corporate
Shanghai: Qiang Li (Country Managing Partner), Stewart Wang (Partner) and Joyce Du (Associate)
Paris: Jeremy Scemama (Partner, Location Head, Corporate), Arnaud Lafarge (Senior Associate) and Radu Valeanu (Associate)

Litigation & Regulatory
Netherlands: Casper Hamersma (Partner) and Laura Smit (Associate)
London: Alexandra Kamerling (Partner)
Singapore: Nate Bush (Head of Investigations & Head of Antitrust and Competition, Asia)