ATLANTA — Delta Air Lines and Korean Air have reached an agreement to deepen their historic partnership, with an expanded trans-Pacific network that will increase travel choices and boost competition between the U.S. and Asia.
The airlines signed a memorandum of understanding to implement a joint venture arrangement, which the carriers say will offer customers access to the most comprehensive route network and a seamless customer experience.
Highlights of the agreement, subject to regulatory approvals, include:
- The intent to create a fully integrated trans-Pacific joint venture arrangement, with both airlines sharing the costs and revenues on flights and coordinating schedules for seamless, convenient connections;
- A combined network, serving more than 290 destinations in the Americas and more than 80 in Asia; and
- Enhanced frequent flyer benefits.
“This agreement deepens our long-standing partnership with Korean Air and will provide the global access and seamless service our customers demand,” said Delta CEO Ed Bastian.
Korean Air Chairman and CEO Yang Ho Cho said the joint venture will reinforce Incheon airport’s position as a major international hub in North East Asia.
Upon the signing of the final joint venture arrangement, Delta and Korean Air will work together to implement all aspects of the enhanced co-operation including expanded codesharing, frequent flyer programs and joint growth in the trans-Pacific market, with co-location at key hubs.