Delta to buy 3.55% stake in China Eastern for $450 million
Credit: Rob Finlayson
Atlanta-based Delta Air Lines has agreed to invest $450 million to acquire a 3.55% stake in Shanghai-based China Eastern Airlines, and the SkyTeam members said they will launch a “commercial cooperation plan.” In comments posted on Delta’s website, Delta SVP-Asia Pacific Vinay Dube said, “Delta has...
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