Delta Air Lines has expressed its intention to increase its holding in Grupo Aeromexico to as much as 49%. Atlanta-based Delta acquired a 4.17% stake in Mexico City-based Aeromexico for $65 million in 2012. Delta said it plans to acquire up to 32% more of Aeromexico through a cash tender offer of MXP43.59 ($2.60) per share, or 52% more than the price at which Aeromexico’s shares are currently trading. Delta already holds an option to acquire an additional 8.1% stake in Aeromexico and ...

Subscribe to Access this Entire Article

"Delta to increase stake in Aeromexico, could ultimately hold 49%" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.