New Delhi, Aug 27: Air-India and Lufthansa have reached an in-principle agreement to establish a broad-based strategic co-operation between the two companies. A memorandum of understanding (MoU) was signed in Delhi by S Lauer, member executive board and K U Garnadt, senior vice president for Lufthansa and A-I managing director Sunil Arora and V K Verma, commercial director for Air-India.
The MoU specifies various areas of co-operation, including commercial, engineering and IT services. Dedicated working groups have been set-up to work out the details of the intended co-operation.
Both the companies see significant business opportunities to and from India. They also acknowledged the fact that a close co-operation and partnership is the best way to participate in this development. Bureau Report