The partnership includes many benefits, code-sharing connections, coordinated schedules and joint tariff offers. A new air link between Singapore and Dusseldorf also part of the large-scale agreement.
Lufthansa Group including its subsidiary Swiss International Air Lines (SWISS) and Singapore Airlines (SIA) signed a partnership agreement of great importance , based on which the two groups intend to use aerial important links between all Singapore and Europe as part of a commercial joint venture. Furthermore, flights performed codeshare will be significantly expanded and intensified trade cooperation.
Flights between Singapore and Zurich as well as the links between Singapore and Frankfurt or Munich will be performed to revenue sharing arrangements (that is to say of "revenue sharing"). The new SIA links between Singapore and Düsseldorf served from July 2016 will also be governed by such agreements.
The two main airline groups also provide for cooperation in key markets in Europe, Southeast Asia and Australia. It is thus expected to coordinate flight schedules in order to offer customers more favorable connections between the various air networks. The two groups are also considering joint tariff proposals, adapting corporate programs to enhance the offer for business customers and evaluation of optimization opportunities in the context of existing connections to loyalty programs.
The agreement covers not only Lufthansa, SWISS and SIA, since it also includes Lufthansa and Austrian Airlines subsidiary SIA subsidiary SilkAir.
The codeshare with extensive connections now enable SIA customers to arrive / leave comfortably various locations in Austria, Belgium, Germany and Switzerland by taking over twenty lines of code sharing via the "hubs" of Zurich , Frankfurt and Munich. Swiss and Lufthansa for their benefit from codeshare with SIA and its regional subsidiary SilkAir with on other routes in Southeast Asia and the Southwest Pacific. It is planned to add other destinations operated in codeshare.
A number of points of the agreement will be implemented in the coming months, so for example the new code share services. Other items whose entry into force requires the agreement of the supervisory authorities could be implemented gradually during 2016.
"A long-term partnership successful binds us to Singapore Airlines. Now we are strengthening our overall cooperation of two air groups 'premium', global lead compounds, with a new joint venture meets the expectations of the passengers of the two airlines in Europe and Southeast Asia. Together we can now offer air links and even better services to Australia, "said Carsten Spohr, chairman of Deutsche Lufthansa AG. "The partnership with Singapore Airlines completes our global network of joint ventures and is an important part of our Asian strategy. The Lufthansa Group's leading position is consolidated effectively by strategic partnerships in all major markets, "Spohr complete.
"We are delighted to have been able to develop an agreement on this major partnership. It provides the customer with significant benefits through optimized destinations and a greater number of destinations served by code-sharing. We are bound by Lufthansa long-term relationships; Lufthansa is an ideal partner with an excellent network and more the company is strongly customer oriented. The agreement signifies a deepening of relations with the Lufthansa Group as a whole and provides a solid base to exploit opportunities for commercial cooperation ", says Goh Choon Phong, CEO of Singapore Airlines. "This is another example of the added value which the customer benefits because of partnerships. Together we can generate benefits that would be impossible to provide if we were alone, "says Goh.