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.
Investments to Build on Existing Relationship
The shares, purchased from Onex Partners and its affiliates (The Onex Group), will see Delta and Korean Air build on…