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A trio of global airlines are set to take equity stakes in Canada carrier WestJet.
The three airlines all have existing partnerships with WestJet and will strengthen this with financial backing.
Delta Air Lines and Korean Air will take equity stakes of a combined 25% in WestJet, worth $550 million.
Delta will take 15% and KAL 10%.
After the deal closes, Delta plans to transfer and sell a 2.3% stake to its joint venture partner Air France-KLM, which also has an…
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