Delta, Korean Air Buy 25% Of WestJet in $550 Million Deal
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Delta Air Lines Inc. and Korean Air Lines Co. will spend $550 million acquiring a stake in Canadian carrier WestJet, adding to the broader consolidation among airlines globally.
The 25% stake is being sold by Onex Partners and affiliated funds and co-investors of the group, the parties said in a statement Friday. The Onex group will continue to own and control Calgary, Alberta-based WestJet.