US: Korean Air receives approval for joint venture with Delta

Korean Air and its joint venture with US carrier Delta has received a regulatory approval from the US government, the company said Sunday, November 19.

Korean Air and Delta are now waiting for an approval from the Ministry of Land, Infrastructure, and Transport in Korea, it added.

If approved by the Korean transport ministry, Korean Air and Delta will accelerate implementing services to increase their footing in the trans-Pacific market.

Under the joint-venture agreement, the two air carriers will build a network serving more than 290 destinations in the Americas and more than 80 in Asia, according to a release from Delta.

Korean Air and Delta are also expected to share costs and revenues from flights and increase belly cargo cooperation across the trans-Pacific, according to the company.

The joint-venture agreement will also allow the two air carriers to rearrange and share services at Incheon International Airport‘s new passenger Terminal 2, which will house Korean Air, Delta and other SkyTeam airlines, Korean Air added.

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