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The investment comes at a shaky moment for travel between Canada and the U.S., with Canadians taking fewer trips to the U.S.
Delta Air Lines and Korean Air are investing a combined $550 million in Canada's WestJet despite shaky Canada-US travels ...
Delta Air Lines and Korean Air Lines will acquire an aggregate 25% stake in Canada's WestJet Airlines for $550 million from ...
Korean Air is stepping up efforts to expand its footprint in North America by deploying more of its Airbus A380 superjumbos ...
Korean Air and Delta Air Lines will strengthen their respective partnerships with WestJet through the purchase of minority ...
Delta Air Lines and Korean Air have both acquired minority shares in Canadian carrier WestJet, with Air France-KLM also set ...
The move comes at a time when airlines are increasingly engaging in consolidation to secure their dominance against rivals.
Under the terms of the agreement, Delta ( NYSE: DAL) and Korean will acquire independent equity stakes totaling 25% in ...
This separate transaction would remain subject to certain Air France-KLM approvals. The Onex Group will continue to own and control Calgary, Alberta-based WestJet. Delta and Korean have each been ...
Delta will buy a 15% minority interest while Korean Air will take a 10% stake. Read more at straitstimes.com. Read more at ...
green up pointing triangle and Korean Air 003490 1.34%increase; green up pointing triangle Lines said they will take stakes in Canadian airline WestJet in deals valued at $550 million. The ...