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Delta to buy stake in Aeromexico
10 August 2011
As part of the $65 million equity investment, Delta Air Lines will also gain a seat on Aeromexico's board of directors.
Read more:
Delta Air Lines
memorandum of understanding (MOU)
Aeromexico Group
maintenance repair and overhaul (MRO)
Ed Bastian
Delta Air Lines has signed a memorandum of understanding (MOU) to invest $65 million in Mexico�s Aeromexico Group in exchange for ordinary shares. The shares consist of treasury stock set aside from the Mexican airline�s initial public offering on April 14.
The transaction is subject to approval from Mexican regulators. Delta declined to release the...
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