Delta, Korean Air enter transpacific JV

Delta Air Lines and Korean Air have entered an agreement to form a joint venture to mutually expand their services between the United States and Asia.    Delta Air Lines and Korean Air have entered an agreement to form a joint venture to mutually expand their services between the United States and Asia. 
   “Now is the right time for this JV,” said Y.H. Cho, Korean Air’s chairman, in a statement. “The synergies we’re creating will build stronger and more sustainable companies.”
   The two airlines have increased their cooperation since becoming co-founders of the SkyTeam global airline alliance in 2000. They signed a memorandum of understanding to establish the transpacific joint venture in March. 
   The joint venture will create a combined network serving more than 290 destinations in the Americas and more than 80 in Asia. The arrangement also promises increased transpacific belly capacity for cargo, the airlines said.