American Delta Air Lines and Korean Korean Air Lines have signed an agreement by buying a 25% share of Westjet Airlines. Buyers will pay a total of 550 US million dollars, controlling part of the company, while the main control remains on the OneX investment company.
This transaction is carried out when Canadian airlines have a decline in US passenger traffic due to tough statements made by Trump Customs and Canada.
Delta will pay $ 330 separately, receiving a 15% stake, and Korean Air is $ 220 million for 10%. In addition, Delta will also transfer 2.3% share of Westjet to its partner Air France-KLM at $ 50 million worth of $ 50. This step can reshape North America's Avascot, especially amid the fall of the US-Canada direction.
