Delta backs Cho

Delta Air Lines and Japan Airlines may help Cho Won-tae retain control of Korean Air as Hoban Group's 20.15% stake in Hanjin KAL nearly matches Cho's 20.57%. Delta owns 14.9% of Hanjin KAL and has voiced confidence in Cho, while JAL recently acquired shares below 5%. Korea Development Bank's 10.58% stake remains a decisive factor.