{"id":5153,"date":"2019-06-20T11:26:53","date_gmt":"2019-06-20T16:26:53","guid":{"rendered":"http:\/\/planesintheair.com\/?p=5153"},"modified":"2019-06-20T11:26:59","modified_gmt":"2019-06-20T16:26:59","slug":"delta-equity-investment-deepens-ties-with-partner-korean-air","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=5153","title":{"rendered":"Delta Equity Investment Deepens Ties With Partner Korean Air"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1400\" height=\"400\" src=\"https:\/\/i1.wp.com\/planesintheair.com\/wp-content\/uploads\/2019\/06\/Delta-Korea-tails_2.jpg?fit=640%2C183\" alt=\"\" class=\"wp-image-5155\" srcset=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/06\/Delta-Korea-tails_2.jpg 1400w, https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/06\/Delta-Korea-tails_2-300x86.jpg 300w, https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/06\/Delta-Korea-tails_2-768x219.jpg 768w, https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/06\/Delta-Korea-tails_2-1024x293.jpg 1024w\" sizes=\"auto, (max-width: 1400px) 100vw, 1400px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Korean  Air joint venture provides a strong platform for Delta growth,  world-class customer benefits and revenue generation across one of the  most comprehensive route networks in the trans-Pacific.<\/strong><\/li><li><strong>Delta has acquired a 4.3 percent equity stake in Hanjin-KAL.<\/strong><\/li><\/ul>\n\n\n\n<p>Delta has acquired a 4.3 percent equity stake in Hanjin-KAL, the largest shareholder of Korean Air. The investment demonstrates Delta\u2019s commitment to the success of its joint venture with Korean Air and the customer benefits, market positioning and growth opportunities the partnership enables. Delta intends to increase its equity stake to 10 percent over time, after receiving regulatory approval.\u00a0<\/p>\n\n\n\n<p>\u201cTogether with the team at Korean Air, we have a vision to deliver the world\u2019s leading trans-Pacific joint venture for our shared customers, offering the strongest network, the best service and the finest experience connecting the U.S. with Asia,\u201d said Delta CEO Ed Bastian. \u201cThis is already one of our fastest-integrating and most successful partnerships, and experience tells us this investment will further strengthen our relationship as we continue to build on the value of the joint venture.\u201d<\/p>\n\n\n\n<p>Delta and Korean Air operate the industry\u2019s most robust trans-Pacific joint venture, providing customers with seamless access to more than 290 destinations in the U.S. and over 80 destinations in Asia, including  the partnership\u2019s award-winning hub at Seoul-Incheon (ICN).\u00a0<\/p>\n\n\n\n<p>Since launching in May 2018, Delta and Korean Air have strengthened  cooperation by expanding joint operations in the trans-Pacific to include more than 1,400 codeshare flights, including connections throughout Asia and the U.S. Teams at both airlines have also worked closely together to provide the best travel experience for customers between the U.S. and Asia, integrate sales and marketing activities, and enhance loyalty program benefits, such as the ability to earn more miles on both loyalty programs and redeem them on a wider range of  flights. Additionally, Korean Air and Delta have launched cargo cooperation across one of the most comprehensive route networks in the trans-Pacific market.<\/p>\n\n\n\n<p>The partnership is contributing to Delta\u2019s first year-over-year growth in the Asia Pacific region since 2012, with new service launched earlier this year between Minneapolis\/St. Paul and Seoul, as well as Seattle and Osaka, operated in partnership with Korean Air. Additionally, Korean Air has launched new service linking Boston with Seoul.<\/p>\n\n\n\n<p>The joint venture builds on nearly two decades of close partnership between Korean Air and Delta, both founding members of the SkyTeam  airline alliance.<\/p>\n\n\n\n<p>Delta is growing its international footprint and leveraging  partnerships with key airlines in regions around the world, including through joint ventures and equity investments. These investments improve alignment between Delta and its partners, creating a more stable environment for growth amid an increasingly dynamic global landscape.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"600\" src=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/06\/Asia-8-15.png\" alt=\"\" class=\"wp-image-5156\" srcset=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/06\/Asia-8-15.png 600w, https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/06\/Asia-8-15-150x150.png 150w, https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/06\/Asia-8-15-300x300.png 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Delta has acquired a 4.3 percent equity stake in Hanjin-KAL, the largest shareholder of Korean Air. The investment demonstrates Delta\u2019s commitment to the success of its joint venture with <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[797,89,2203,1397,868,1103],"tags":[539,118,92,2415,3005,2126,160,4195,395,1293,2287,2280,3590,246,5377,2553,660,1883,5375,1125,4971,199,1913,2000,2454,540,4496,1567,3861,1744,1936,412,3290,1016,5013,5376,2169,3006,1762,247,2451,2268,755,1745,2855,3804,2373,1691,1658,1916,2001,949],"class_list":["post-5153","post","type-post","status-publish","format-standard","hentry","category-airline-news","category-aviation-news","category-finance-news","category-stock-news","category-transportation-news","category-travel-news","tag-air","tag-airlines","tag-airport","tag-alliance","tag-approval","tag-asia","tag-aviation","tag-benefit","tag-boston","tag-cargo","tag-codeshare","tag-cooperation","tag-customer","tag-delta","tag-ed-bastian","tag-equity","tag-flight","tag-growth","tag-hanjin-kal","tag-hub","tag-incheon","tag-international","tag-investment","tag-joint","tag-korean","tag-lines","tag-loyalty","tag-market","tag-miles","tag-minneapolis","tag-network","tag-news","tag-osaka","tag-pacific","tag-partner","tag-position","tag-program","tag-regulatory","tag-route","tag-seattle","tag-seoul","tag-shareholder","tag-sky","tag-st-paul","tag-stake","tag-team","tag-trans","tag-transport","tag-transportation","tag-travel","tag-venture","tag-vision"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5153"}],"version-history":[{"count":2,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5153\/revisions"}],"predecessor-version":[{"id":5157,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/5153\/revisions\/5157"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}