Delta Air Lines invests $65m in Grupo Aeromexico

Grupo Aeromexico received US $65m from Delta Air Lines, as part of the carrier’s investment in Mexico’s flagship carrier’s capital stock, thus strengthening its financial position, confirming its expansion project and creating the leading airline alliance in the Mexico-U.S. market. The Mexican Federal Competition Commission (CFC) authorized the operation, that allows Delta Air Lines to underwrite and purchase 30,182,855 shares of stock equivalent to 4.17% of Grupo Aeromexico’s capital stock, paying $31 Mexican pesos per share Grupo Aeromexico offered in its IPO. This stock purchase also gives Delta a seat on the Grupo Aeromexico Board of Directors. This is the first time a global carrier buys equity in a national Mexican airline. Both companies will share best practices in sales, operations, equipment maintenance and staff training, enabling them to offer customers the same travel experience on any of their flights.