ATLANTA and MEXICO CITY, March 31,
2015 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) and
Grupo Aeromexico (Mexico: AEROMEX.MX) have filed an
application with the U.S. Department of Transportation seeking
antitrust immunity for a new joint venture on flights between
the United States and Mexico. This joint venture is subject to
standard regulatory requirements, including the approval of the
Federal Economic Competition Commission, among others.
The application marks a significant step in the creation of a
$1.5 billion joint venture that, if
approved, will allow Delta and Aeromexico to operate more
effectively on routes between the U.S. and Mexico for the benefit of its customers. Also,
Delta and Aeromexico will seek to expand opportunities to collocate
and invest in airport facilities by improving gates and lounges.
Additionally the airlines will increase joint sales and marketing
initiatives.
Subject to obtaining the required approvals, both airlines
expect to expand their networks in Mexico and the Unites States, connecting with
major business centers such as Los
Angeles and New York and
will deepen their relationship started in 1994. Aeromexico's
hubs – Mexico City, Monterrey and Guadalajara – will give
Delta customers greater access to cities throughout Mexico. Delta will provide Aeromexico with a
broad North American network via Delta's key hubs, including
Atlanta, Detroit, Los
Angeles and New York, and a
strong marketing presence throughout the U.S.
Andres Conesa, Chief Executive
Officer of Aeromexico commented, "We are very excited that this new
agreement, once approved by the competent authorities, will allow
us to further deepen our relationship with Delta. The potential to
combine and align our networks and scheduling means that we will
able to offer greater customer choice that would not have been
viable to operate individually. Passengers will be able to book,
buy and fly interchangeably between both airlines."
"Mexico is the most popular
international destination for Delta customers, and our proposed
joint venture will offer our customers more schedule and
destination choices, whether traveling for business or pleasure,"
said Ed Bastian, Delta's President.
"Approval of antitrust immunity will allow travelers to fully
benefit from all the aspects of a future Delta-Aeromexico joint
venture, including the combination of two complementary
networks."
This relevant event contains certain forecasts or projections
that reflect the current vision or expectations of Aeromexico and
its management with respect to its performance, business and future
events. Aeromexico uses words such as "believe",
"anticipate", "plan", "expect", "intend", "objective", "estimate",
"project", "predict", "forecast", "guidelines", "should," and other
similar expressions to identify forecasts or projections, but it is
not the only way in which these concepts are referred to.
Those listed are subject to certain risks, uncertainties and
assumptions. Aeromexico notes that numerous factors might
cause the actual results to differ materially from the plans,
objectives, expectations, estimates and intentions expressed in
this relevant event. Aeromexico is not subject to any
obligation whatsoever, and expressly denies any intention or
obligation to update or modify any forecast or projection that
might result from new information, future events or any other
reason.
About Grupo Aeromexico
Grupo Aeromexico, S.A.B. de C.V. is a holding company whose
subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty
programs. Aeromexico, the largest airline in Mexico, operates more than 600 daily flights
and its main hub is in Terminal 2 at the Mexico City International Airport. Its
destinations network features more than 80 cities on three
continents, including 45 destinations in Mexico, 16 in the
United States, 16 in Latin
America, three in Europe,
two in Asia and two in
Canada.
The Group's fleet of more than 120 aircraft is comprised of
Boeing 787, 777, 767 and 737 jet airliners and next generation
Embraer 145, 170, 175 and 190 models. In 2012, the airline
announced the most significant investment strategy in aviation
history in Mexico, to purchase 100
Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9
Dreamliners.
As a founding member of the SkyTeam airline alliance, Aeromexico
offers customers 1,000 destinations in 178 countries served by the
20 SkyTeam airline partners rewarding passengers with benefits
including access to 516 premium airport lounges around the world.
Aeromexico also offers travel on its codeshare partner flights with
Delta Air Lines, Alaska Airlines, Avianca, LAN, TACA and TAM with
extensive connectivity in countries like the United States, Brazil, Canada, Chile, Colombia and Peru. www.aeromexico.com www.skyteam.com
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SOURCE Grupo Aeromexico, S.A.B. de C.V.