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Mexico Real Estate News: Delta Invests $65 Million in Mexican Airline

12 September, 2012

The Wall Street Journal’s MarketWatch recently reported on Delta Air Lines, which has invested $65 million in Mexican airline carrier Grupo Aeromexico’s capital stock. 

“This investment creates the leading airline alliance between Mexico and the United States, ” writes the WSJ. “The carriers collectively operate 93 codeshare flights offering greater benefits to the more than five million passengers they serve per year.”

The LA Times also covered the story, writing that Delta now owns around 4 percent of Aeromexico, which is a first for any Mexican airline. And Aeromexico is not just any airline. As the largest carrier in Mexico, this merger is significant, especially since Delta is the second-largest carrier in the United States. 

The two airlines have been participating in code sharing to 93 destinations for some time, which is just airline industry speak for allowing one another to sell tickets for each other’s flights. As part of the deal, the two carriers also announced that they would invest in a maintenance facility in Mexico that will open next year. Both Delta and Aeromexico will invest to expand their aircraft repair business at the facility, which will result in new jobs for the region. 

“Expanding the business relationship with our main partner and attracting foreign investment in Aeromexico is a matter of great pride for all of us that are part of the best airline in Mexico, ” stated Andres Conesa, CEO of Aeromexico. “This undoubtedly reflects Delta’s trust in our company and will allow us to serve a larger number of passengers throughout our global network.”

The carriers have begun offering new daily flights from Mexico City and other key destinations. Aeromexico’s 14 million-plus annual customers will also enjoy streamlined purchasing processes for all of its flights as a result of the new partnership, including the more than 450 daily flights it operates to destinations throughout Mexico real estate

Topics: Investment Mexico