Delta Air Lines will make investments in Virgin Atlantic, Aeromexico and LATAM as the partner airlines transform their businesses to emerge from the global pandemic stronger and more resilient.
Prior to the pandemic, Delta was achieving record international growth attributed to a combination of organic growth and its global partner network. Over the past ten years, Delta has built industry-leading partnerships with flagship airlines across Europe, Asia and Latin America. As international travel demand returns, the connectivity, relevance and breadth of Delta’s global network with its partners remains critical to continuing this success.
Delta is investing in Virgin Atlantic, Aeromexico and LATAM as each carrier emerges from restructuring or recapitalisation. Upon completion of their respective processes, Delta is targeting a 20% equity stake in Aeromexico and a 10% equity stake in LATAM. In addition, Delta will maintain its 49% equity stake in Virgin Atlantic. The airline’s investment in these carriers will be approximately US$1.2 billion.
With new wide-body aircraft on the way, record hiring and significant investments in international readiness, Delta is positioned to lead the industry through the ongoing recovery. Delta’s partnerships with Virgin Atlantic, Aeromexico and LATAM expand that growth potential, helping to fuel route additions, customer connectivity and associated job creations.Email Post to a Friend