JAL Acquires Stake in Hanjin KAL to Build Alliance With Korean Air
Japan Airlines acquired shares in Hanjin KAL, joining Cho Won-tae’s camp, and signed a strategic partnership with Korean Air. The stake is newly obtained and estimated under 5%, with no large-shareholding report filed. The move follows past “white knight” roles and could spark disputes if KDB sells. Korean Air’s Japan routes may rise from about 250 to 400 weekly flights after integration.