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(Reuters) -Delta Air Lines and Korean Air Lines will acquire an aggregate 25% stake in Canada’s WestJet Airlines for $550 million from private equity firm Onex Corp, the U.S. carrier said on Friday.
The deal, where Delta will invest $330 million for a 15% stake in WestJet and Korean Air will invest $220 million for a 10% interest, deepens the airlines’ presence in the North American market.
Airlines have engaged in consolidation through mergers, acquisitions and partnerships…
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