Delta Air Lines (DAL) - Get Report and Korean Air Lines are forming a joint venture, expanding a trans-Pacific network that will increase travel choices and boost competition between the U.S. and Asia.

The airlines signed a memorandum of understanding to implement the arrangement, which will offer customers access to a comprehensive route network, and coordinate on schedules for a combined network serving more than 370 destinations in the Americas and Asia, the airlines said today in a statement.

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