Delta Air Lines and Korean Air have entered an agreement to form a joint venture to mutually expand their services between the United States and Asia.
Delta Air Lines and Korean Air have entered an agreement to form a joint venture to mutually expand their services between the United States and Asia.
“Now is the right time for this JV,” said Y.H. Cho, Korean Air’s chairman, in a statement. “The synergies we’re creating will build stronger and more sustainable companies.”
The two airlines have increased their cooperation since becoming co-founders of the SkyTeam global airline alliance in 2000. They signed a memorandum of understanding to establish the transpacific joint venture in March.
The joint venture will create a combined network serving more than 290 destinations in the Americas and more than 80 in Asia. The arrangement also promises increased transpacific belly capacity for cargo, the airlines said.
Delta, Korean Air enter transpacific JV
