Delta Buys 4% of Aeromexico

 

According to Jose Luis Barraza, president of Aeromexico, 4% of the company’s shares were purchased by Delta. The American airline is the second largest airline in the world.

 

In August of 2011, Delta and Grupo Aeromexico signed a memorandum of understanding in order to increase the number of routes for each airline. Aeromexico’s flights will increase from 500 to 700, 90 of which are flights to and from the US.

 

With this purchase, Delta Airlines is now Grupo Aeromexico’s second largest shareholder after Citigroup. Citigroup holds 44.7% of Aeromexico’s shares through its Mexican company, Telecommunications Holding Mx.

 

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Source: El Semanario


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