China Eastern and Delta solidify strategic partnership
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Delta Air Lines (DAL), China Eastern Airlines to Expand Partnership; Delta Will Make $450M Investment
July 27, 2015 9:08 AM EDTChina Eastern Airlines and Delta Air Lines (NYSE: DAL) signed an agreement to expand their partnership and better connect Delta's global network with China Eastern, one of the leading airlines in China. The agreement will include a $450 million investment by Delta to acquire a 3.55 percent stake in China Eastern.
This move marks a significant step in the airlines' collaboration and partnership that will allow Delta and China Eastern to compete more effectively on routes between the U.S. and China, provide more travel options for customers in both countries and make joint... More
