Korean Air in talks with Delta for JV

Delta airline name tags are seen at Delta terminal in JFK Airport in New York, July 30, 2008. REUTERS/Joshua Lott/File Photo

Korean Air Lines Co. is in talks with Delta Air Lines Inc. for a joint venture in a move that would give the second-largest U.S. carrier a bigger foothold in Asia where rising incomes are fueling a boom in air travel.

Details of the partnership would be disclosed later, the Asian airline’s President Walter Cho told reporters at a briefing in Seoul’s Incheon Airport Monday, declining to elaborate. A Delta spokesman in Tokyo didn’t immediately respond to an e-mail seeking comments.

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