“A dynamic global landscape means it’s more important than ever for Delta to deepen ties with our global partners to provide opportunities for mutual growth,” said Delta CEO Ed Bastian in a written statement.
The deals are subject to shareholder approval and regulatory approval.
The airlines said the deals are aimed at creating “a single global joint-venture” between Air France-KLM, Delta and Virgin Atlantic, and to strengthen the partnership with China Eastern.
Delta already has a trans-Atlantic joint venture with Air France-KLM and both are part of the SkyTeam airline alliance. Delta also already owns 49 percent of Virgin Atlantic and 3.5 percent of China Eastern.
Airlines are limited on cross-border acquisitions, but Delta and other carriers have been gaining some of the benefits of mergers through joint ventures with foreign carriers and equity stakes in partner carriers.
The airlines said the new deals between Delta, Air France, China Eastern and Virgin Atlantic will allow the airlines to grow.
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