Airline

Delta and Korean Air to acquire combined 25% stake in WestJet

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Delta and Korean Air to acquire combined 25% stake in WestJet

Delta Air Lines and Korean Air will acquire a combined 25% stake in Canadian carrier WestJet from private equity firm Onex, in a deal valued at $550 million.Under the new agreements, both airlines will acquire independent equity stakes, Delta will investing $330 million and acquiring a 15% stake, an...

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