FlyerTalk Forums - View Single Post - Malaysia Airlines is about to join the Oneworld Alliance
Old Jun 16, 2011 | 3:45 am
  #76  
FlyerTalker688786
Suspended
 
Join Date: Jul 2007
Posts: 4,477
Originally Posted by Austinrunner
Have you actually read the "corporation" contract? ... I didn't think so. Contracts commonly have early termination provisions. Not every termination is a "breach."
I actually had a hand on one of the JV contract. I have to keep quiet thus I am not going to details. But what I can tell you is that, to sign one JV contract requires both party fully committed to each other, somewhat like a marriage certificate in real term for your understanding. Once JV is signed the only way out is for both party to reach mutual agreement. Early termination provisions only cover very extreme situations (e.g. bankrupt, withdrawn from business, legislation changes...etc). To join another alliance is never the excuse of mutual understanding.
FlyerTalker688786 is offline