Air France SA and Airbus SAS have initiated exclusive negotiations to establish a joint venture, with the aim of providing Airbus A350 component maintenance services on a global scale. This collaboration, if finalized, will see Air France and Airbus forming a 50-50 joint venture and transferring aircraft component assets from both entities into the joint venture’s pool. One of the key objectives is to have the joint venture operational by the first half of 2024, subject to regulatory approvals.
