- Delta and Korean Air will buy a combined 25 per cent stake in WestJet from Canadian investment firm Onex, the companies announced on Friday.
- Delta will acquire a 15 per cent stake in the Calgary-based airline for $330 million US, while Korean Air will buy a 10 per cent stake for $220 million US, for a deal totalling $550 million USD .
- On deal closure, Delta plans to sell a 2.3 per cent stake in WestJet to its joint venture partner Air France-KLM for $50 million…