Delta Air Lines and Korean Air have finalized their agreement to from an antitrust-immunized transpacific joint venture (JV) in which the SkyTeam carriers will share costs and revenue on flights between the US and South Korea. The agreement follows an earlier memorandum of understanding (MOU) between the two airlines to form a JV, which is subject to regulatory approvals. The JV will include expanded codesharing in the transpacific market; joint sales and marketing initiatives in Asia ...

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