Delta Stake in Aeromexico Signals a Growing Global Ambition
- Expansion will give U.S. carrier as much as 49% of stock
- Accord follows deals with Gol, China Eastern, Virgin Atlantic
This article is for subscribers only.
Delta Air Lines Inc. is boosting its ambitions in the world’s emerging markets as Chief Executive Officer Richard Anderson ups the carrier’s stake in Grupo Aeromexico SAB to as much as 49 percent.
The offer of 43.59 pesos a share was 52 percent more than the closing price on Wednesday, when Aeromexico was valued at 20.4 billion pesos ($1.22 billion). Delta is seeking as much as 32 percent more of the stock, doubling its current holdings in Mexico’s largest airline.