Reported about 11 hours ago
Delta Air Lines and Korean Air Lines will collectively acquire a 25% stake in Canada's WestJet Airlines for $550 million from Onex Corp. Delta will invest $330 million for a 15% stake, while Korean Air will invest $220 million for a 10% stake. This investment will enhance their presence in the North American market amid ongoing consolidation in the airline industry, which has raised concerns about competition and fares.
Source: YAHOO