Mar 29, 2017, 7:29 am
Last edit by: TWAforever
DL/KE current flights between ICN and North America:
Update from Delta News Hub (28MARCH17):
http://news.delta.com/delta-and-kore...nd-partnership
Will this mean a move from Group 4 partner to Group 1? Delta SkyMiles PR rep says:
"... the details you’re looking for will be figured out further down the road"
Further from the Delta press release on the date of the JV agreement being signed, 6/23/17:
Delta and Korean Air will lay the groundwork for implementing all aspects of the joint venture, subject to regulatory approvals, including:
It cited no date for the enhanced FF benefits to be effective.
New Delta SkyMiles mileage earn chart, including MQMs and MQDs, for Korean Air flights effective May 1, 2018. See posts #566 and #567 for details.
Update from Delta News Hub (28MARCH17):
http://news.delta.com/delta-and-kore...nd-partnership
Will this mean a move from Group 4 partner to Group 1? Delta SkyMiles PR rep says:
"... the details you’re looking for will be figured out further down the road"
Further from the Delta press release on the date of the JV agreement being signed, 6/23/17:
Delta and Korean Air will lay the groundwork for implementing all aspects of the joint venture, subject to regulatory approvals, including:
- Expanded codesharing in the trans-Pacific market
- Joint sales and marketing initiatives in Asia and the United States
- Colocation at key hubs with seamless passenger and baggage transit experience
- Enhanced frequent flyer benefits, providing customers of both airlines the ability to earn and redeem miles on Delta's SkyMiles and Korean Air's SKYPASS programs
- Increased belly cargo cooperation across the trans-Pacific
- Under the agreement, the airlines will also share costs and revenues on flights within the scope of the joint venture as they work to expand service options for travelers.
- Increased belly cargo cooperation across the trans-Pacific
- Enhanced frequent flyer benefits, providing customers of both airlines the ability to earn and redeem miles on Delta's SkyMiles and Korean Air's SKYPASS programs
- Colocation at key hubs with seamless passenger and baggage transit experience
- Joint sales and marketing initiatives in Asia and the United States
It cited no date for the enhanced FF benefits to be effective.
New Delta SkyMiles mileage earn chart, including MQMs and MQDs, for Korean Air flights effective May 1, 2018. See posts #566 and #567 for details.
Joint Venture Between Korean Air and Delta Announced — Effective as of May 1, 2018
Feb 24, 2017, 12:49 pm
#151
Join Date: Aug 2011
Programs: DL DM, TK Elite (*Gold), AA EXP (matched and prob not for long!)
Posts: 251
The point is that this morning was the first time a DL official - in this case President Glen Hauenstein - used the word "imminent" to describe exciting news re. taking the relationship with Korean to the next level.
Previously, any talk of a JV being imminent was pure speculation without any actually supporting quotes from important DL or KE employees (the most we'd hear was that they were "optimistic" of a closer relationship).
Given Glen's "imminent" words this morning, I believe a JV will be announced in 2017, perhaps even in Q1.
Previously, any talk of a JV being imminent was pure speculation without any actually supporting quotes from important DL or KE employees (the most we'd hear was that they were "optimistic" of a closer relationship).
Given Glen's "imminent" words this morning, I believe a JV will be announced in 2017, perhaps even in Q1.
https://www.forbes.com/sites/tedreed.../#4ab1f4366c64
That is by far the most definitive sign I've seen that this is going to happen soon, with even the territories being spelled out.
Feb 24, 2017, 2:05 pm
#152
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Location: Seattle, WA
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Posts: 3,955
The writing was on the wall for this one ever since Hanjin Shipping collapsed. Korean Air was deeply exposed to Hanjin and is now under a crushingly colossal debt load, having spent a fortune propping them up that they've now had to write off.
I expect the structure of a deal to involve a large investment by Delta in exchange for very favorable JV terms that wouldn't have been even considered as recently as two years ago. I think in the next twelve months, we will see a realignment toward Seoul that spells the final end of the Narita hub...
http://asia.nikkei.com/Business/AC/H...-of-Korean-Air
I expect the structure of a deal to involve a large investment by Delta in exchange for very favorable JV terms that wouldn't have been even considered as recently as two years ago. I think in the next twelve months, we will see a realignment toward Seoul that spells the final end of the Narita hub...
http://asia.nikkei.com/Business/AC/H...-of-Korean-Air
Feb 24, 2017, 2:32 pm
#153
Join Date: Apr 2011
Posts: 3,394
The writing was on the wall for this one ever since Hanjin Shipping collapsed. Korean Air was deeply exposed to Hanjin and is now under a crushingly colossal debt load, having spent a fortune propping them up that they've now had to write off.
I expect the structure of a deal to involve a large investment by Delta in exchange for very favorable JV terms that wouldn't have been even considered as recently as two years ago. I think in the next twelve months, we will see a realignment toward Seoul that spells the final end of the Narita hub...
http://asia.nikkei.com/Business/AC/H...-of-Korean-Air
I expect the structure of a deal to involve a large investment by Delta in exchange for very favorable JV terms that wouldn't have been even considered as recently as two years ago. I think in the next twelve months, we will see a realignment toward Seoul that spells the final end of the Narita hub...
http://asia.nikkei.com/Business/AC/H...-of-Korean-Air
I think they might finally need each other enough.
Feb 24, 2017, 3:28 pm
#156
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Let's hope that GUCs and upgrades with miles from reasonable fares apply to the KE intraAsia flights. That was part of what made the original NW/KLM JV attractive to elites. Being able to upgrade on the interport flights beyond NRT similarly made it attractive for some of us to take that connection and not book on Asian carriers.
Feb 24, 2017, 3:29 pm
#157
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Location: SJC/YUL
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Posts: 3,883
Just look at the title of this thread (JV imminent) created in 2014 to see how many people have (wrongly) believed this was definitive before you
Feb 24, 2017, 3:30 pm
#158
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Feb 24, 2017, 3:42 pm
#159
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Location: DCA
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I wonder if DL will try to acquire a stake in KE. Such a move would fit DL's MO lately.
Feb 24, 2017, 3:56 pm
#160
Join Date: Jan 2015
Programs: delta dm
Posts: 1,677
And here is the first time I hear the words spoken from a high-level Korean exec, in this case from new President Walter Cho (son of Chairman): Cho said the carrier is working on its joint venture with Delta. “We’re very eager to get it started,” he said. “All of the trans-Pacific {service} excluding China will be in the JV.”
https://www.forbes.com/sites/tedreed.../#4ab1f4366c64
That is by far the most definitive sign I've seen that this is going to happen soon, with even the territories being spelled out.
https://www.forbes.com/sites/tedreed.../#4ab1f4366c64
That is by far the most definitive sign I've seen that this is going to happen soon, with even the territories being spelled out.
Feb 24, 2017, 4:01 pm
#161
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Nonstop to Seoul from where? DL already has TPAC nonstops to ICN, IIRC from DTW and SEA.
Feb 24, 2017, 4:11 pm
#162
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Feb 24, 2017, 4:12 pm
#163
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I think it's from ATL if I remember. Basically KE codeshare with DL, AND DL codeshare with KE. However the flight times on one end are hours apart but on the other close together. Timing doesn't make a lot of sense on whichever end it was.
Feb 24, 2017, 4:16 pm
#165
Join Date: Aug 2011
Programs: DL DM, TK Elite (*Gold), AA EXP (matched and prob not for long!)
Posts: 251
Seriously?? There is NOTHING definitive about this. Any number of factors could cause the "deal" to fall thru (I put deal in quotes cause we don't even know that there is a deal). Even if both airlines agree (that's a BIG if), either government could veto it quickly (or slowly).
Just look at the title of this thread (JV imminent) created in 2014 to see how many people have (wrongly) believed this was definitive before you
Just look at the title of this thread (JV imminent) created in 2014 to see how many people have (wrongly) believed this was definitive before you
So I agree that everything before Glen's investor Day remarks was pure speculation. However, Walter Cho's words coming on the heels of Glen's leads me to reiterate that this "is by far the most definitive sign I've seen that this is going to happen soon." Execs at this level have a tendency not to make market moving quotes that are false. Finally, if you have any experience doing business in Korea, you'll know that for a President to be quoted saying that means it is likely a done deal. Loss of face is a much bigger deal there than in the US.
Lastly, DL/KE already have ATI. I don't see the governments getting in the way of a JV.