TOKYO -- Singapore Airlines and All Nippon Airways, widely seen as Asia's top two airlines, have signed a "joint venture" agreement that expands the cooperation between the carriers in their home markets as well as in Australia, India, Indonesia and Malaysia.
The agreement allows the two Asian airlines to align their flight schedules for seamless connectivity, offer coordinated fares and expand tie-ups between their frequent flyer programs. It goes beyond their current partnership that centers on code-sharing and mutual lounge access. The new partnership is known as a joint venture in the aviation industry.
