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Delta Air Lines and Korean Air invest in WestJet
May 12th 2025
Delta Air Lines and Korean Air (KAL) will purchase minority stakes in Canada’s WestJet. Read More » Delta will pay US$330 million to private equity firm, Onex Partners, for 25% of WestJet and KAL US$220 million for a 10% shareholding in the airline. As part of the agreement, Delta will retain the right to sell 2.3% of WestJet to Air France-KLM. Air France-KLM, Delta and KAL are code-share partners with the Canadian carrier. “We are pleased to invest in WestJet as part of our continued commitment to enhancing trans-Pacific connectivity,” KAL chair and CEO, Walter Cho, said. “This strategic partnership will enhance our global network and create long-term value for customers through greater choice and convenience.” Delta CEO, Ed Bastian, said investing in WestJet aligns with the airline’s interests and its focus of providing a world-class global network and customer experience for travellers in the U. S. and Canada. WestJet CEO, Alexis von Hoensbroech, said: “These investments and the enhanced partnerships they bring are an endorsement of our people and WestJet’s differentiated performance in an extraordinary period for aviation in recent years.”
