Delta will invest US$450 million in a 3.55% stake in China Eastern Airlines as part of an expanded partnership agreement.
Delta will invest US$450
million in a 3.55% stake in China Eastern Airlines as part of an expanded
partnership agreement.
China Eastern plans to
add routes and increase frequencies in North America.
The two carriers,
including China Eastern subsidiary Shanghai Airlines, codeshare on 43 domestic
routes in China and 30 domestic routes in the United States.
Delta’s investment
requires approval from both carriers’ boards of directors.
Source: Business Travel News