Delta Air Lines Vice President: "Strong Trust in Chairman Cho Won-tae... Hoban Stake Is a Simple Investment"

Incheon-Salt Lake City Direct Flight Launch Briefing
"Strengthening the Joint Venture with Korean Air"

Delta Air Lines, which maintains a close partnership with Korean Air, has reaffirmed its trust in Cho Won-tae, Chairman of Hanjin Group. Regarding the management dispute controversy that recently arose due to Hoban Group's acquisition of shares in Hanjin KAL, Delta dismissed the issue by stating that it views the move as a "simple investment."

Jeff Moffaw, Vice President of Delta Air Lines Asia Pacific, is making a presentation at a press conference commemorating the launch of the Incheon-Salt Lake City direct flight route held on the 12th at the Courtyard Marriott Seoul Namdaemun Hotel in Seoul. Delta Air Lines

Jeff Moffaw, Vice President of Delta Air Lines Asia Pacific, made this statement at a press conference commemorating the launch of the Incheon-Salt Lake City direct flight route held on the 12th at the Courtyard Marriott Seoul Namdaemun Hotel in Seoul, saying, "We have a high level of trust in Chairman Cho and the current management team."

Delta Air Lines holds a 14.9% stake in Hanjin KAL and has long been considered one of Chairman Cho's key allies.

Vice President Moffaw said, "We view Hoban Construction's recent increase in Hanjin KAL shares as a simple investment," and added, "I believe (making such investments) is a very natural act."

As of last month, Hoban Construction had secured an 18.46% stake in Hanjin KAL, the holding company of Hanjin Group, making it the second-largest shareholder. Although Hoban Construction stated that its share acquisition was for 'simple investment purposes,' the market has raised the possibility of a management dispute with Hanjin Group.

In response, Hanjin Group contributed Hanjin KAL treasury shares to its employee welfare fund, thereby increasing Chairman Cho's stake from 20.13% to 20.79%. The gap in shareholding between Hanjin Group and Hoban Group has widened to 2.3 percentage points.

Jeff Moffaw, Vice President of Delta Air Lines Asia Pacific, is making a presentation at a press conference commemorating the launch of the Incheon-Salt Lake City direct flight route held on the 12th at the Courtyard Marriott Seoul Namdaemun Hotel in Seoul. Delta Air Lines

On this day, Delta Air Lines announced that, with the launch of the new direct flight route between Incheon and Salt Lake City, it will further strengthen its joint venture (JV) with Korean Air. Vice President Moffaw described Korean Air as a "proud partner."

Vice President Moffaw emphasized, "It has already been eight years since we established our joint venture with Korean Air in 2018," and added, "Currently, the joint venture between Delta Air Lines and Korean Air is the strongest partnership connecting Asia and the United States."

He continued, "Salt Lake City is Delta Air Lines' eighth hub airport in the United States, and until now, the joint venture had not secured a direct flight to this destination. With the launch of this direct route, we are now able to achieve perfect connectivity within the United States."

Starting today, Delta Air Lines has begun operating the Incheon-Salt Lake City direct flight route. Using the Airbus A350-900, the route operates daily during the summer and three times a week during the winter. The airline offers its latest premium in-flight services, including Delta One, Delta Premium Select, Delta Comfort Plus, and Delta Main.

During the summer schedule, flights depart Incheon International Airport at 7:40 p.m. and arrive at Salt Lake City International Airport at 4:00 p.m. The return flight departs Salt Lake City International Airport at 11:40 a.m. and arrives at Incheon International Airport at 3:20 p.m.

This route is Delta Air Lines' fifth direct flight between the United States and Asia, following Atlanta, Detroit, Minneapolis, and Seattle. Delta Air Lines operates up to 265 flights per day to 96 destinations from Salt Lake City. More than 85 cities within the United States are accessible via connections from Salt Lake City.

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Delta Air Lines was founded in 1925 and is celebrating its 100th anniversary this year. The company has 100,000 employees worldwide and operates more than 5,500 flights daily to over 300 destinations. Vice President Moffaw stated, "The direct flight route to Salt Lake City will provide a new option for customers traveling to the United States and offer enhanced connectivity," adding, "Accessibility to the inland western United States will be improved, and as the only direct flight from Asia, we will be able to provide a unique service."

This content was produced with the assistance of AI translation services.