Delta Airlines has acquired a 4.3% stake in Korean Air's largest shareholder, Hanjin KAL. It's being reported that Delta has plans to increase that stake to 10%, pending regulatory approval.
According to Reuters, current market prices value the stake at about $88 million.
A joint venture between Korean Air and Delta began last year and has been one of Delta's "fastest-integrating and most successful partnerships," according to Delta CEO Ed Bastian.
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