Delta Air Lines to Increase Stake in Aeromexico
The Atlanta-based carrier currently has a 4.1% stake in the Mexican airline and holds an option to acquire an additional 8.1%. The Delta pension trust currently holds options allowing it to acquire 4.6% of Grupo Aeromexico.
After the transaction, which is subject to regulatory approval, closes, Delta and the Delta pension trust would either own or have options to acquire up to a 49% stake in Grupo Aeromexico.
“This new investment demonstrates Delta’s confidence in Mexico’s future and deepens our relationship with Aeromexico,” said Ed Bastian, Delta’s president.Aeromexico said its board of directors and audit and corporate practices committee would review the proposal.
(Photo: Accura Media Group)