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Delta Air Lines and Korean Air will respectively invest $330 million and $220 million to obtain 15% and 10% stakes in WestJet Airlines. After the transaction is completed, Delta Air Lines has the right and intention to sell and transfer its 2.3% stake in WestJet Airlines to joint venture partner Air France-KLM in order to obtain $50 million in funds. This separate transaction still requires approval from Air France-KLM.
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