Delta Airlines acquired 4.7% of the shares of Aeromexico for $ 65 million

The U.S. airline Delta Airlines acquired by a deposit of U.S. $ 65 million for 4.7% stake in Aeromexico. Between the two companies and there was a code-sharing operation of 733 flights a day in 93 destinations, accounting for more benefits for users of both airlines.

With this investment, says the note sent to the drafting of arecoa.com strengthens its financial position, consolidated its expansion project and lays the foundation of the alliance enter the two major airlines in the U.S. markets and Mexico.

The Federal Competition Commission (CFC) authorized the operation that allows Delta Air Lines is a partner of Grupo Aeromexico, through the subscription and payment of 30,182,855 shares at a price of 31 pesos per share, which is the same offer price Group’s initial public Aeromexico. Based on the above, Delta will get a seat on the Board of Directors of the Group.

This is the first time an airline with a global presence equity participates in a national airline. Both companies will share best practices in sales, operations, equipment maintenance and staff training, enabling them to offer customers the same travel experience in any of its flights.

Andres Conesa, CEO of Grupo Aeromexico said that «expanding commercial relations with our main partner and that we can attract foreign investment in Aeromexico is a pride for all of us in the best airline in our country. It shows that Delta undoubted confidence placed in our company, and that will serve more passengers through a global network, «.

Meanwhile Richard Anderson, CEO of Delta Air Lines, said that «connectivity is a valuable benefit for our customers around the world. This agreement also represents a new stage in a relationship that we have strengthened over the years.

«This financial transaction is part of the global agreement signed last year between the two companies allowing you to create a unique alliance in Latin America. This agreement is a long-term benefit of passengers through the expansion of codeshare flights.

Its operations have been working more and better flight schedules based on the travel needs of customers in destinations like New York, Los Angeles, Houston, Chicago and Miami, and the recent opening of daily flights to Washington and soon to Atlanta. Customers of both airlines enjoy streamlined purchasing process to be able to book a trip to the final destination.

The consolidation of this alliance also includes joint investment in the business of maintenance, repair and major overhaul of aircraft (MRO) in a new facility in Mexico scheduled for 2013. Grupo Aeromexico and Delta Air Lines equally invested to expand the repair work that will promote the creation of more jobs.

Both airlines are leaders in their respective markets, renewed their commitment to continue providing quality service to its customers.

Aeromexico is the leading airline in Mexico and transported 14 million passengers in 2011. Operates daily more than 550 flights to 42 destinations and 30 international national in the U.S., Canada, Central and South America and in Europe and Asia.

Delta and Delta Connection carriers offer service to 350 destinations in 65 countries across six continents, serving more than 160 million passengers each year. It offers services to 32 countries and 54 destinations in the region from the Hartsfield-Jackson Atlanta with more than 1,000 weekly flights between Latin America and the United States