Delta Commits $1.2 Billion to Virgin Atlantic, Aeromexico, Latam
- Foreign carriers are existing partners of the U.S. airline
- Transactions are designed to bolster international operations
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Delta Air Lines Inc. will invest $1.2 billion in partner carriers Virgin Atlantic, Aeromexico and Latam Airlines as the U.S. airline positions itself to capitalize on a rebound in international travel.
Delta aims to build a 20% equity stake in Grupo Aeromexico SAB and a 10% position in Latam Airlines Group SA, according to a statement Monday. The U.S. company will provide fresh financing to Virgin Atlantic Airways Ltd. and maintain its 49% equity stake.