Delta Air Lines has acquired enough shares to lift its ownership of Korean Air’s parent company almost to its 10% target. In a filing to the Korea Stock Exchange, Delta said it had boosted its stake in Hanjin KAL to 9.21%, up from the 5.13% in its last report. The Atlanta-based carrier initially bought a 4.3% stake in June, and at that time said it intended to eventually lift its holding to 10%. Hanjin KAL is the largest shareholder in Korean Air, with a holding of about 29%. Hanjin ...

Subscribe to Access this Entire Article

"Delta raises stake in Korean Air parent company" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.