Delta Air Lines will invest $450 million in a 3.55 percent stake in China Eastern Airlines
as part of an expanded partnership agreement, the carriers announced Monday. China Eastern also plans to add new routes and increase frequencies in North America. The two carriers, including China Eastern subsidiary Shanghai Airlines, codeshare on 43 domestic routes in China and 30 domestic routes in the United States. Delta’s investment requires approval from both carriers’ boards of directors.
Polish carrier Lot plans to nearly double its fleet over the next five years
and increase its service to Europe, North America and Asia significantly next year. Lot will add service to Tokyo in January 2016 and Bangkok and Seoul in fall 2016, and it will expand its current service to New York and Chicago in the 2016/2017 winter season, the carrier announced Sunday. Additionally, the carrier will add more than a dozen destinations—such as Venice; Cluj-Napoca, Romania; and Ljubljana, Slovenia—to its European network beginning in 2016, including restoration of service to markets it had discontinued under a restructuring plan with the European Union, such as Barcelona, Athens, Zurich and Nice, France.
Louvre Hotels Group and Magnuson Hotels Worldwide have signed a partnership agreement
to co-distribute their geographically complementary hotel portfolios to offer 2,500 hotels in more than 50 countries. Louvre Hotels Group’s new shareholder
, Jin Jiang International Holdings, brings another 1,100 hotel rooms to the table. By signing this agreement, Magnuson hopes to gain access to the European, Latin American and Asian markets where Louvre has historic strength. Louvre stands to gain access to Magnuson’s strength in North America.
Both Air Canada and WestJet will add low-cost service to London’s Gatwick Airport.
In summer 2016, Air Canada will begin seasonal service between Toronto and Gatwick on its low-cost Rouge subsidiary, the carrier announced Thursday. WestJet previously announced Gatwick as its first transatlantic destination; flights on its wide-body Boeing 767-300 aircraft will begin from an undetermined origination in spring 2016. Air Canada also announced it will add year-round mainline service between Montreal and Lyon, France, next summer.