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DAL Delta Air Lines Inc

51.03
1.01 (2.02%)
After Hours
Last Updated: 21:19:37
Delayed by 15 minutes
Share Name Share Symbol Market Type
Delta Air Lines Inc NYSE:DAL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.01 2.02% 51.03 51.185 50.24 50.52 8,157,579 21:19:37

Delta Air to Buy 3.55% Stake in China Eastern

27/07/2015 2:50pm

Dow Jones News


Delta Air Lines (NYSE:DAL)
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Delta Air Lines Inc. agreed to acquire a 3.55% stake in China Eastern Airlines Corp. for $450 million as part of an agreement that expands the two carriers' strategic partnership.

Under the agreement, Delta will acquire roughly 10% of China Eastern's H-shares, which are listed in Hong Kong, and an observer seat on China Eastern's board.

China Eastern earlier on Monday said it will raise 3.5 billion Hong Kong dollars ($451.6 million) by issuing shares in Hong Kong.

China Eastern, with its Shanghai Airlines subsidiary, and Delta currently operate codeshare flights as well as a number of direct flights between the two countries.

Write to Tess Stynes at tess.stynes@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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