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Delta Air Lines acquires a 4.3% stake in Hanjin Kal, the parent company of Korean Air, providing support against pressure from an activist shareholder. The strategic investment strengthens the partnership between the two airlines and may help Hanjin Kal navigate its corporate governance issues. The move reflects the competitive dynamics within the airline industry and highlights the importance of alliances and strategic alliances in maintaining market position.
Wednesday, 19 June, 2019