Delta will invest to retain 10% stake in LATAM

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Delta aims to maintain a 20% equity interest in Aeromexico, a 10% equity interest in LATAM and a 49% equity interest in Virgin Atlantic.

Delta Air Lines will invest in Virgin Atlantic, Aeromexico and LATAM as partner companies revamp their businesses to recover from the global pandemic. Upon completion of their respective procedures, Delta aims to maintain a 20% equity interest in Aeromexico, a 10% equity interest in LATAM, and a 49% equity interest in Virgin Atlantic, in addition to maintaining a 20% equity interest in LATAM. This investment will be about US $ 1.2 billion.

Trans-American Joint Venture Agreement da delta a da latam, for example, would combine carriers’ complementary route networks between North and South America. Joint venture approved by Chilean court in October, Delta and LATAM expanded their existing codeshares to improve connectivity between North and South America.

Aeromexico – The joint cooperation agreement between the companies was launched in 2017. Over the past four years, Delta and Aeromexico have built a major cross-border network with more than 40 popular business and leisure routes from their main centers and offered the most service. Major markets of New York and Los Angeles.

Virgin Atlantic – Delta’s joint venture with Virgin Atlantic has consolidated Delta’s position on major US and UK routes since 2013, including the New York–JFK to London–Heathrow major trade route.

Delta CEO Ed Bastian said, “Strategic investments in our partners will transform our ability to enhance the journey of our customers, giving us a seamless travel experience while providing us with an unrivaled network between the United States and key markets around the world. will help provide.” ,

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About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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