Delta, Korean Air to acquire 25% stake in WestJet for $550M from Onex Partners

DELTA AIR LINES, INC.

Delta invests $330M for 15% stake; Korean Air invests $220M for 10% stake in WestJet.
Delta intends to sell 2.3% to Air France-KLM for $50M, subject to approvals.
Transaction from Onex Partners; Onex Group retains control of WestJet.
Deal subject to regulatory approvals; existing codeshares expanded.
Partnership aims to enhance connectivity across North America, Europe, and Asia.

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