Aeromexico says evaluating Delta Airlines offer

December 1, 2015 11:34 PM

29 0

Aeromexico says evaluating Delta Airlines offer

MEXICO CITY Aeromexico's board of directors on Tuesday said it would study an offer from Delta Airlines to increase its stake in Mexico's largest airline.

Delta (DAL.N), which has a 4.1 percent stake in Aeromexico (AEROMEX.MX), last month said it planned to buy up to an additional 32 percent of the company to strengthen its grip on the fast-growing Latin American market. The news sent Aeromexico's shares up more than 30 percent.

Also read: UPDATE 1-TDC loses major contract with Novo Nordisk to Telenor

Read more

To category page

Loading...