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Delta Partners with Korean Air

Delta has acquired a 4,3 percent equity stake in Hanjin-KAL, the largest shareholder of Korean Air.

The investment demonstrates Delta’s commitment to the success of its joint venture with Korean Air and the customer benefits, market positioning and growth opportunities the partnership enables.

Delta intends to increase its equity stake to 10 percent over time, after receiving regulatory approval.

“Together with the team at Korean Air, we have a vision to deliver the world’s leading trans-Pacific joint venture for our shared customers, offering the strongest network, the best service and the finest experience connecting the US with Asia,” said Ed Bastian, CEO, Delta. “This is already one of our fastest-integrating and most successful partnerships, and experience tells us this investment will further strengthen our relationship as we continue to build on the value of the joint venture.”

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