Delta and Korean Air to Acquire 25% Stake in WestJet, Deepening Strategic Alliances

Delta Air Lines and Korean Air have announced a combined investment of $550 million to acquire a 25% equity stake in Canadian airline WestJet from Onex Partners and its affiliates. Delta will invest $330 million for a 15% stake, while Korean Air will acquire a 10% stake for $220 million. Delta also intends to transfer a 2.3% stake to Air France-KLM for $50 million, pending approval.

This investment aims to enhance airline collaboration and customer benefits, expanding connectivity between Canada, the U.S., Europe, and Asia. WestJet will remain under Onex Group control.
Delta and WestJet have been partners since 2011, while Korean Air and WestJet have worked together since 2012. These new equity ties are expected to deliver a more seamless global travel experience. The transaction is subject to regulatory approvals.