|Delta Air Lines buys four percent stake in Grupo Aeromexico
MEXICO CITY, June 4, 2012 /PRNewswire via COMTEX/ -- Grupo Aeromexico (mexico:AEROMEX.MX) today received from Delta Air Lines Inc. /quotes/zigman/463579/quotes/nls/dal DAL -11.43% US $65,000,000 as part of this carrier's investment in Mexico's flagship carrier's capital stock, thus strengthening its financial position, confirming its expansion project and creating the leading airline alliance
Consolidation of this alliance also includes the companies' joint investment in their MRO business at new facilities the carriers plan to open in Mexico in 2013. AM & DL will invest equal amounts to expand their aircraft repair business, which will also create new jobs.
Both carriers, which are leaders in their respective markets, reaffirmed their commitment to keep offering customers their best quality service.
Mod Edit: Moved the link from the quoted section as clicking the link lead to an error page.
[Edited 2012-06-04 13:01:19 by srbmod]