Delta Air Lines has placed itself to enhance its share in Aeromexico from less than 5% to around 49%.
Delta has made a hard money tender offer of around $2.63 for every share for around 32% of Grupo Aeromexicos outstanding capital stock.
The offer is awaiting regulatory sanction from the United States and Mexico, and also the boards of both airlines.
Through a $65 million endowment in 2012, Delta claims 4.1% of Aeromexicos stakes, along with a choice to purchase more 8.1%.
Its pension trust likewise has chances to purchase an extra 4.6%.
The 2 carriers, both SkyTeam members, have worked together since their initial code sharing deal in 1994.
Former this year, Delta and Aeromexico likewise filed for antitrust immunity to develop a $1.5 billion joint endeavor so they can seek services and set prices.
Delta has made a hard money tender offer of around $2.63 for every share for around 32% of Grupo Aeromexicos outstanding capital stock.
The offer is awaiting regulatory sanction from the United States and Mexico, and also the boards of both airlines.
Through a $65 million endowment in 2012, Delta claims 4.1% of Aeromexicos stakes, along with a choice to purchase more 8.1%.
Its pension trust likewise has chances to purchase an extra 4.6%.
The 2 carriers, both SkyTeam members, have worked together since their initial code sharing deal in 1994.
Former this year, Delta and Aeromexico likewise filed for antitrust immunity to develop a $1.5 billion joint endeavor so they can seek services and set prices.