New Delhi, Feb. 17 -- Tata-owned Air India and Lufthansa Group signed a joint business agreement, under which both parties will collaborate on several strategic aspects, including coordinated route planning and flight schedules in selected markets, the Indian airline said on Tuesday, 17 February.

The airlines entered into a memorandum of understanding (MoU) on Tuesday to establish a framework for a joint business agreement that will cover Air India, Air India Express, and Lufthansa Group carriers and subsidiaries. These include Austrian Airlines, Brussels Airlines, ITA Airways, Lufthansa, Swiss International Air Lines (SWISS), and other affiliated airlines.

The proposed partnership with Germany's Lufthansa Group also seeks to explore op...