皇冠体育app

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Delta Air Lines invests in 皇冠体育app Eastern Airlines

(Xinhua) Updated: 2015-07-28 10:39

BEIJING - US-based Delta Air Lines bought 3.55 percent of shares of 皇冠体育app Eastern Airlines worth $450 million on Monday.

The investment is part of a series of cooperation agreements signed by the two airlines, which both belong to SkyTeam Alliance.

"Delta's investment will help us promote mixed ownership and speed up our overseas expansion," said Liu Shaoyong, chairman of 皇冠体育app Eastern Airlines.

皇冠体育app is the second-largest market for travel to the United States and is expected to take the lead in the next few years, according to Richard Anderson, CEO of Delta Air Lines.

The two airlines have signed codeshare agreements to operate 30 US domestic flights, 43 Chinese domestic flights and seven trans-Pacific flights.

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