Delta agrees to sell Compass Airlines to Trans States Airlines

Delta Air Lines (Atlanta) today (July 1) announced it has entered into a definitive agreement to sell is wholly owned regional airline subsidiary Compass Airlines (Minneapolis/St. Paul) to Trans States Holdings, Inc. (Trans States Airlines) (St. Louis) for $20.5 million.

Compass will continue to serve Delta as a Delta Connection carrier with a long-term, extendable agreement, ranging from seven to 12 years depending on aircraft type. Compass will continue to be headquartered in Minneapolis/St. Paul.

Copyright Photo: Brian McDonough. Compass Airlines’ Embraer ERJ 170-200LR (ERJ 175) N608CZ (msn 17000195) prepares to land at Baltimore/Washington.