CORRECTED-UPDATE 1-Delta Air Lines looks to strengthen global partnerships
(Corrects paragraph 8 to reflect that Delta's stake in Aeromexico is 4.17 percent, not 17 percent)
By Jeffrey Dastin
MIAMI, June 8 (Reuters) - Delta Air Lines Inc is hoping to strengthen partnerships with carriers in South Korea, Mexico and Brazil, and it has been approached about investing in Japan's bankrupt Skymark Airlines, Delta's president Ed Bastian told reporters Monday.
The comments, made on the sidelines of the International Air Transport Association's (IATA) annual meeting, reflect Delta's focus on streamlining flight service through cross-country partnerships and ventures.
Bastian declined to comment on the status of the Skymark investment talks and what their outcome might be. Aircraft leasing firm Intrepid Aviation Ltd, the biggest creditor of Skymark Airlines, is seeking another sponsor for the failed budget carrier instead of ANA Holdings Inc, a Japanese rival airline bidding to take part in the restructuring.
Skymark holds landing slots at Tokyo's Haneda Airport that U.S. airlines consider valuable, as a treaty limits U.S. carriers to four slots there. A Skymark investment could pave the way for greater Delta service to Asia, where U.S. airlines are competing vigorously to grow.
Delta is also interested in growing its relationship with long-time partner Korean Air Lines Co Ltd after their ties were weakened by Delta's acquisition of Northwest Airlines, which already had extensive Asian routes and competed with KAL, Bastian said.
"We've been working hard with our Korean colleagues to reestablish a solid base for the relationship," he said. "I'm optimistic we'll find an answer" on how to proceed.
Delta is eyeing growth through partnerships across the Pacific, too. Continuación...