Delta Air Lines (DAL) said on Monday that it has invested $65 million into Group Aeromexico, which is the flagship carrier of Mexico. It has bought about 4% of Aeromexico by shelling such a whopping capital.
Under the deal, Delta owns 30.2 million Aeromexico shares at 31 pesos each. The deal also gives Delta a seat on the airline’s board of directors. This is the first time a global carrier has purchased equity in a Mexican airline and the Mexican Federal Competition Commission
Aeromexico is the largest airline in Mexico and Delta is the second-largest in the United States.
Talks have been going on between both carriers that plan to invest in maintenance and repair facility to open in Mexico next year, according to the news release.
Delta’s CEO, Richard Anderson said, “the benefits of connectivity and strength are of great value to our customers worldwide.” This agreement also represents a new stage in a key relationship.
The carriers have been working extensively to improve and enhance flight schedules in various destinations such as New York, Los Angeles, Houston, Chicago and Miami, with new daily service to Washington D.C. from Mexico City and new flights to Atlanta launching soon.
Under the deal, Delta owns 30.2 million Aeromexico shares at 31 pesos each. The deal also gives Delta a seat on the airline’s board of directors. This is the first time a global carrier has purchased equity in a Mexican airline and the Mexican Federal Competition Commission
Aeromexico is the largest airline in Mexico and Delta is the second-largest in the United States.
Talks have been going on between both carriers that plan to invest in maintenance and repair facility to open in Mexico next year, according to the news release.
Delta’s CEO, Richard Anderson said, “the benefits of connectivity and strength are of great value to our customers worldwide.” This agreement also represents a new stage in a key relationship.
The carriers have been working extensively to improve and enhance flight schedules in various destinations such as New York, Los Angeles, Houston, Chicago and Miami, with new daily service to Washington D.C. from Mexico City and new flights to Atlanta launching soon.
