In 2013, Qantas Airways entered a joint venture (JV) agreement with Emirates Airline covering routes between Australia and Asia, Europe (including the United Kingdom(UK)), the Middle East, North Africa, and to New Zealand. JVs go beyond a typical codeshare and ticketing agreement and allow airlines to integrate their services at an operational and strategic level including coordinating routes schedules, capacity, pricing and even sharing revenues and costs on the overlapping routes.