Delta and Korean to acquire independent equity stakes totaling 25% in WestJet for US$550 million from Onex Partners and its affiliated funds and co-investors (the “Onex Group”) Agreement will further ...

CALGARY, AB, May 9, 2025 /CNW/ - Delta Air Lines and Korean Air will strengthen their respective partnerships with WestJet through the purchase of minority equity stakes in the Canadian airline ...

Upon closing, Delta has the right and intent to sell and transfer a 2.3% stake in WestJet to its Joint Venture partner Air France-KLM, also an existing WestJet partner, in exchange for US$50 million.

“This strategic partnership will enhance our global network and create long-term value for customers through greater choice and convenience.” “Delta, Korean and Air France-KLM are among the ...