Delta completes 20% purchase of LATAM

Guest Contributor

Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly

Delta has completed its purchase of a 20% equity stake in LATAM Airlines Group. The USD 1.9 billion acquisition comes pursuant to the partnership the carriers announced in September.

“Equity investments like this help create alignment within our partnerships as we bring together our brands, enabling us to provide the very best service and reliability for our shared customers,” said Steve Sear, president of international at Delta.

The carriers plan to begin code sharing during the first quarter of 2020 on up to 51 onward LATAM destinations in South America from Colombia, Ecuador and Peru and on up to 74 onward Delta destinations in the US from Miami, New York, Los Angeles and Orlando.

You might also like

Comments are closed.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time