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Delta is Buying 20% of LATAM, Latin America’s Largest Airline

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Delta Air Lines is expanding its presence in Latin America by spending $1.9 billion for a 20% stake in LATAM, Latin America’s largest airline, a twist for Delta rival American Airlines that had pursued a joint-venture with the Chilean-based carrier to grow revenue in the region. (www.cnbc.com) More...

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enriquep100
Enrique Perrella 0
(Duplicate Squawk Submitted)

Analysis: Delta Purchases 20% Of LATAM, Re-Shapes US-Latin America Market

Delta Air Lines (DL) plans to purchase a 20% stake in LATAM Airlines (LA), the largest carrier in Latin America, for $1.9 billion—a move that will send shockwaves throughout the US-Latin America market.

The two carriers will also launch a Joint Venture (JV), pulling LATAM away from its current membership in the oneworld alliance and the proposed JV with Delta’s rival, American Airlines (AA).

http://airwaysmag.com/airlines/delta-purchase-20-latam/

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