Delta Air Lines is buying a 15% stake in Calgary, Canada-based WestJet for $330 million, the company announced Friday. Another Delta partner, Korean Air, is also acquiring 10% of WestJet for $220 ...

Zinger Key Points Delta and Korean Air announces a $550 million investment in WestJet to strengthen global partnerships. Delta plans to transfer part of its WestJet stake to joint venture partner ...

Delta has made several investments into Air France-KM, LATAM, Virgin Atlantic and even Korean Air’s parent company, Hanjin KAL, among other airlines, in recent years. "These investments, and the ...

Delta Air Lines and Korean Air have invested $550 million in Canada's WestJet for equity stakes. The investment comes at an uncertain time for Canada-US travel due to Trump's policies.

In recent years, Delta has made equity investments with several international partners, including Air France-KLM, LATAM, Aeromexico, Virgin Atlantic, China Eastern and Korean Air's parent company ...

Delta Air Lines and Korean Air have agreed to acquire equity stakes in WestJet that will total 25 percent of the Canadian carrier, Delta and Korean announced Friday. The Onex Group will continue to ...

Delta did not announce any specific new benefits that would come with the investment. Delta and WestJet have been partners since 2011. Korean Air has partnered with WestJet since 2012.

Upon closing, Delta has the right and intent to sell and transfer a 2.3% stake in WestJet to its Joint Venture partner Air France-KLM, also an existing WestJet partner, in exchange for US$50 million.

Delta will be investing US$330 million and acquiring a 15% stake, and Korean will invest US$220 million in exchange for a 10% stake.