Delta Upping Stake in Aeroméxico to as High as 49%, 54% of Sales outside of Mexico

by Adam

Yesterday, Delta said that it intends to acquire an additional 32%  stake in Aeroméxico to solidify its partnership with the carrier. The airline already owns a 4.1% stake and holds options to acquire another 8.1%, while the Delta pension trust has options for another 4.6%.

Delta and Aeroméxico launched their first codeshare in 1994. In 2011, Delta entered into an enhanced commercial agreement with Aeroméxico, and in 2012, Delta invested USD$65 million in shares of Grupo Aeroméxico, the parent company of Aeroméxico. In March, Delta and Aeroméxico filed an application with the U.S. Department of Transportation seeking antitrust immunity for a new joint venture on flights between the United States and Mexico. Aeroméxico generated 54% of sales from flights to North America and other markets outside of Mexico.

“This new investment demonstrates Delta’s confidence in Mexico’s future and deepens our relationship with Aeromexico, cementing Delta’s long-term commitment to the customers we serve to, from and through Latin America,” Delta President Ed Bastian said in a statement.


The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

1 comment

Related Articles

1 comment

DOT Tentatively Approves Delta / Aeromexico Joint Venture, JFK Divestitures Required - Point Me to the Plane November 7, 2016 - 4:34 pm

[…] November, Delta announced its intention to up its stake in the carrier to as high as […]


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Point Me Awake


A morning jolt of travel-infused news & deals straight to your inbox. 


Success! Check your email for a welcome onboard message