Delta and AeroMexico expand their commercial relationship, Delta will invest $65 million in AeroMexico

Delta Air Lines (Atlanta) and Grupo AeroMexico (Mexico City) announced a tentative agreement for a long-term, exclusive commercial alliance. Under the agreement, Delta and AeroMexico will expand cooperation to leverage each other’s strengths and link Delta’s expansive network with Mexico’s largest passenger network. As part of the agreement, Delta also will invest $65 million in AeroMexico.

Under terms of the Memorandum of Understanding (MOU), Delta will invest $65 million in exchange for ordinary shares in Grupo AeroMexico, made up of treasury stock set aside as part of AeroMexico’s primary public offering April, 14, 2011. Delta also will gain a seat on the Aeromexico board of directors. The transaction is subject to approval from certain Mexican regulators.

AeroMexico Slide Show: CLICK HERE

Copyright Photo: Brian McDonough. Please click on the photo for the aircraft information.