Delta Invests In China Eastern Air, Takes 3.6% Stake

Delta Air Lines (DAL) will invest $450 million in China Eastern Airlines (CEA) and announced a 3.6% stake Monday, as the U.S. carrier looks to gain market share from United Continental (UAL) in China. Earlier this year, Delta said it would move operations at the Shanghai-Pudong International Airport to share a terminal with China Eastern, a Skyteam alliance partner. Delta shares dipped in early trading in the stock market today. Delta currently

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