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Staff Writer May 7, 2020 6:12pm Delta Air Lines and LATAM Airlines Group and its affiliates have signed a trans-American Joint Venture Agreement that, once regulatory approvals where required are granted, will combine the carriers’ highly complementary route networks between North and South America, providing customers with a seamless travel experience and industry-leading connectivity. “Late last year, we set out to build the leading strategic alliance in Latin America together with LATAM, and while the industry landscape has changed, our commitment to this joint venture is -
Delta Air Lines acquires 4.3% equity stake in Hanjin KAL June 21, 2019 Delta Air Lines acquired (20-Jun-2019) a 4.3% equity stake in Hanjin KAL, a Korean Air shareholder. Delta Air Lines CEO Ed Bastian stated Delta’s partnership with Korean Air is “already one of our fastest-integrating and most successful partnerships”, adding the new investment is expected to “further strengthen our relationship as we continue to build on the value of the joint venture”. He noted the carrier has a “vision to deliver the world’s leading trans Pacific joint venture” with Korean Air, delivering the “str
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Da mesma forma que os Boeing 727-200 e 737-200 saíram das majors após o 11/09, agora será a vez dos Mad Dogs e do 757. DELTA AIR LINES TO RETIRE MD-88, MD-90 AIRCRAFT IN JUNE MIAMI – Earlier than it had been planned in its retirement schedule, Delta Air Lines (DL) announced that it would withdraw MD-88 and MD-90 from its fleet in an effort to reduce its capacity systemwide. The airline had already reduced about half of its active aircraft due to the COVID-19 crisis. As a result, around 600 mainline and regional aircraft were parked. REASONS BEHIND BOTH RETIREMENTS To g
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Matt Smith | May 11, 2020 | More on: DAL AC Warren Buffett recently dumped his entire holdings in the four major U.S. airlines. This is believed to have added around US$6 billion to Berkshire Hathaway’s cash holdings, lifting his war chest of cash to around US$140 billion — and sparking sparked considerable speculation about the intentions of one of the world’s most closely watched investors. What do Buffett’s actions mean? Buffett incurred a considerable loss on his investment in the four major U.S. airlines — an industry he has scorned for decades. He once famously quipped
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April 28, 2020 Delta Air Lines CEO Ed Bastian stated (22-Apr-2020) the carrier will have an opportunity to focus “on a more premium experience and getting paid for what we deliver” in the future, as there “will be fewer airplanes flying in the skies for an extended period of time”. He noted the carrier has also begun to have cash sales equal cash refunds, compared to approximately 30 days ago when it was “overwhelmed by the amount of cash refunds relative to new cash sales coming in”. https://blueswandaily.com/delta-air-lines-cash-sales-beginning-to-equal-cash-refunds-ceo/