Will Delta stick to old friend, keep Korean carrier in Cho family's hand?

Delta Air Lines is likely to support the Cho family's control of Korean Air by holding onto its stake in Hanjin KAL. This means that Delta will maintain its 14.9 percent ownership in the company, which is a crucial part of the Cho family's shareholder base. The decision is significant for markets as it could impact the balance of power in Korean Air's ownership structure, potentially affecting the airline's strategic direction and future growth.

Why it matters

Delta Air Lines' decision on whether to keep Korean Air in the Cho family's hands may have implications for the company's future. This could potentially impact the Korean economy, but the direction is unclear.

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