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Korean Air CEO Walter Cho Joins WestJet Board After $217 Million Investment
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Korean Air CEO Walter Cho Joins WestJet Board After $217 Million Investment
SEOUL — Korean Air has taken a decisive step into the North American aviation market with the completion of its $217 million acquisition of an 11.02 percent stake in WestJet’s parent companies, Kestrel Topco and Kestrel Holdings. The move not only cements the South Korean carrier’s presence in Canada’s $33 billion aviation sector but also adds its top executive, Walter Cho, to WestJet’s board of directors. A Strategic Expansion Into Canada The t…
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