Delta finalizes deal for investment in Aeromexico
Delta Air Lines has completed a deal to acquire a stake in Mexico's flagship carrier Aeromexico, making a $65 million investment.
After getting authorization from the Mexican Federal Competition Commission for the deal initially announced last year, Delta on Monday bought a nearly 4.2 percent stake in Aeromexico and gains a seat on Grupo Aeromexico's board of directors.
Atlanta-based Delta said the companies will share best practices to offer customers the same travel experience. The two airlines have a code-share marketing agreement and have a joint investment in maintenance facilities to open in Mexico next year.
About the Author
As business team lead, Kelly Yamanouchi edits and writes business stories. She graduated from Harvard and has a master's degree from Northwestern.
