Delta and Korean Air Create Leading Trans-Pacific Joint Venture
FOR IMMEDIATE DISTRIBUTION CONTACTS: Delta Corporate Communications Korean Air Communications 404-715- 2554 Tel: +7 499 500 73 87 news archive at news.delta.com Delta and Korean Air Create Leading trans-Pacific Joint Venture Airlines to offer customers expanded trans-Pacific network and world-class travel benefits ATLANTA and SEOUL, June 23, 2017 – Delta Air Lines (NYSE:DAL) and Korean Air have reached an agreement to create a leading trans-Pacific joint venture in both scope and service, offering an enhanced and expanded network, industry-leading products and service and a seamless customer experience between the U.S. and Asia. The agreement, signed today, deepens their historic partnership, which spans nearly two decades. “Together, Delta and Korean Air are building a world-class partnership that will offer more destinations, outstanding airport facilities and an unmatched customer experience on the trans-Pacific,” said Ed Bastian, Delta’s CEO. “By combining the strengths of our two companies, we are building a stronger airline for our employees, customers and investors.” “Now is the right time for this JV. The synergies we’re creating will build stronger and more sustainable companies, and this is good for travelers, our companies and our countries,” said Korean Air Chairman, Y.H. Cho. The agreement is the latest expansion of the longstanding partnership between Delta and Korean Air, which began in 2000 when both carriers became co-founders of the SkyTeam global airline alliance. This agreement follows the airlines’ signing of a memorandum of understanding in March announcing the intention to form a joint venture. The joint venture will create a combined network serving more than 290 destinations in the Americas and more than 80 in Asia, providing customers of both airlines with more travel choices than ever before.
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