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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 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
1 Year Delta Air Lines Chart |
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