UPDATE 1-Air France-KLM denies JAL joint-venture report

(Recasts with Air France comments)

PARIS, Feb 22 (Reuters) - Air France KLM AIRF.PA denied a French newspaper report on Monday that it was in talks to form a joint venture with Japan Airlines (JAL) 9205.T to co-operate more closely on flights between the two countries.

La Tribune had said the partnership would see Air France and JAL, which filed for bankruptcy last month, share costs and revenues on a shared price and fare schedule.

Air France and Delta Airlines DAL.N work together in a similar arrangement on transatlantic flights.

“We deny the report in La Tribune about a joint venture with Japan Airlines,” said a spokesman for Air France.

JAL decided two weeks ago to remain in the Oneworld Alliance, instead of joining the rival SkyTeam group of which Air France is a member. [ID:nTOE618006] (Editing by David Holmes)