Delta has invested $65 million in SkyTeam partner Aeroméxico, the flagship carrier of Mexico, in return for a 4% stake in the company, Delta said in a
press release.
The deal is significant because it marks the first time a global carrier has bought a stake in a national Mexican airline. The agreement creates the leading airline alliance between Mexico and the U.S. Delta will receive nearly 3.2 million shares and a seat on the Aeroméxico Board of Directors as part of the deal.
“The benefits of connectivity and strength are of great value to our customers worldwide,” Richard said. “This agreement also represents a new stage in a key relationship, which we have been developing for years.”
The carriers collectively offer 93 codeshare destinations and transport more than five million passengers each year on those routes, which represent 733 daily flights in eight countries.
They will share best practices in sales, operations, equipment maintenance and staff training, enabling them to offer customers the same travel experience on any of their flights.
Seems DAL can afford to invest in everything but us