Delta Air Lines To Buy Stake In China Eastern, Expand Strategic Partnership

(RTTNews) - China Eastern Airlines Corp. (CEA) and Delta Air Lines Inc. (DAL, DALRQ.PK) said they have signed an agreement to expand their partnership and better connect Delta's global network with China Eastern.

The agreement will include a $450 million investment by Delta to acquire a 3.55 percent stake in China Eastern's H-shares, which trade on the Hong Kong Stock Exchange.

The 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 investments in the customer experience.

Delta's partnership with China Eastern is part of the airline's broader strategy to collaborate and expand services to China.