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Delta and Korean Air are to acquire independent equity stakes totalling 25% in WestJet for a total of $550 million. The bold move will see Delta invest $330 million for a 15% stake in the airline, and Korean Air pay $220 million for a 10% share in the Alberta, Calgary based carrier.
The shares, purchased from Onex Partners and its affiliates (The Onex Group), will see Delta and Korean Air build on…
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