Earlier this week, Grupo Aeroméxico received US
$65,000,000 from Delta Air Lines as part of Delta’s
investment in Mexico’s flagship carrier’s capital stock.
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 Aeroméxico’s capital stock, paying the $31 Mexican
pesos per share Grupo Aeroméxico offered in its IPO. This stock
purchase also gives Delta a seat on the Grupo Aeroméxico Board of
“Expanding the business
relationship with our main partner and attracting foreign
investment in Aeroméxico is a matter of great pride for all of us
that are part of the best airline in Mexico. This undoubtedly
reflects Delta’s trust in our company and will allow us to serve a
larger number of passengers through our global network,” said
Andrés Conesa, CEO of Grupo Aeroméxico.
This financial transaction is part of the global contract the
carriers signed last year to create a unique alliance in Latin
The carriers collectively offer 93 codeshare destinations that
represent 733 daily flights in eight countries. They have also
been working on improving and increasing flight schedules to
respond to customers’ needs in destinations such as New York, Los Angeles, Houston, Chicago and Miami, new daily service to
Washington, DC from Mexico City and new flights to Atlanta coming soon.
Customers of both airlines enjoy streamlined purchasing
processes that allow them to book their travel through to their final destinations.
Consolidation of this alliance also
includes the companies’ joint investment in their Maintenance,
Repair and Operation (MRO) business at new facilities the carriers
plan to open in Mexico in 2013. Grupo Aeroméxico and Delta Air
Lines will invest equal amounts to expand their aircraft repair
business, which will also create new jobs.
Aeroméxico transported 14 million
passengers in 2011. It offers more than 550 daily flights to 42
domestic destinations and 30 destinations abroad in the United
States, Canada, Central and South America, Europe and Asia.
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