
Delta and Korean Air to Acquire 25% Stake in WestJet for $550M; Delta to Reallocate 2.5% to Air France-KLM
Delta Air Lines and Korean Air will acquire a combined 25% stake in Canadian carrier WestJet for US$550 million from Onex Partners, with Delta planning to reallocate a 2.5% share to Air France-KLM. The transaction cements SkyTeam alliance ties and bolsters network collaboration across North America.