ATLANTA and MEXICO CITY, March 13,
2017 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today
announced the successful completion of its cash tender offer that
commenced on Feb. 13, 2017 through
the Mexican Stock Exchange to acquire up to an additional 32
percent of the outstanding capital stock of Grupo Aeroméxico S.A.B.
de C.V. (BMV: AEROMEX) for MXN $53.00
per share, which expired at 1:00 p.m.
Mexico City time on March 10, 2017.
The offer was oversubscribed, with Delta acquiring 228 million
shares representing 32 percent of the outstanding shares of Grupo
Aeroméxico and 39.8 percent of the shares tendered in the tender
offer, for an aggregate purchase price of approximately USD
$620 million/MXN $12.1 billion. All conditions to completing the
tender offer, including receipt of required regulatory approvals in
Mexico, have been satisfied.
With the completion of the tender offer, Delta owns 36.2 percent
of the outstanding shares of Grupo Aeroméxico and holds options to
acquire an additional 12.8 percent for a total of 49 percent of the
outstanding shares of Grupo Aeroméxico.
"We are pleased to successfully complete the tender offer," said
Ed Bastian, Delta's Chief Executive
Officer. "This is yet another milestone that strengthens the Delta-
Aeroméxico relationship as we move toward implementing our joint
cooperation agreement in the second quarter."
Delta and Aeroméxico launched their first codeshare in 1994. In
2011, Delta entered into an enhanced commercial agreement with
Aeroméxico, and in 2012, Delta invested USD $65 million in shares of Grupo Aeroméxico, the
parent company of Aeroméxico. In March
2015, Delta and Aeroméxico entered into a joint cooperation
agreement relating to flights between the
United States and Mexico. That joint cooperation
agreement has been reviewed by regulatory authorities in the U.S.
and Mexico and will be implemented
in the second quarter.
About Delta Air Lines
Delta Air Lines is working to be the best U.S. airline in
Latin America and the
Caribbean. It has been honored with five World Travel Awards
in 2016 in the categories of North
America's Leading Airline and Leading U.S. Airline to
Central America, to South America, to Caribbean and to Mexico for the second year in a row. Delta has
been also recognized with LADEVI's 2016 Insignia Latam Excellence
award for its service to the region. Delta continues to grow in
Latin America through its
long-term exclusive alliances with GOL Linhas Aéreas
Inteligentes, Aeroméxico and Aerolíneas Argentinas, and
is committed to building a solid regional footprint to enhance its
global network and offer its customers the best overall
experience. Delta provides service to 33 countries and 55
destinations in the region, offering over 1,900 weekly flights
between the U.S. and Latin
America/the Caribbean.
Delta customers can also receive real-time, on-the-go travel
assistance in Spanish and Portuguese through Twitter channels
@DeltaAssist_ES and @DeltaAjuda from 9 a.m.
to 7 p.m. EST. Brazilian customers can also access Delta's
dedicated Brazilian Facebook page at
http://www.facebook.com/DeltaAirLinesBrasil.
Delta Air Lines serves more than 180 million customers each
year. In 2017, Delta was named to Fortune's top 50 Most Admired
Companies in addition to being named the most admired airline for
the sixth time in seven years. Additionally, Delta has ranked No.1
in the Business Travel News Annual Airline survey for an
unprecedented six consecutive years. With an industry-leading
global network, Delta and the Delta Connection carriers offer
service to 323 destinations in 57 countries on six continents.
Headquartered in Atlanta, Delta
employs more than 80,000 employees worldwide and operates a
mainline fleet of more than 800 aircraft. The airline is a founding
member of the SkyTeam global alliance and participates in the
industry's leading transatlantic joint venture with Air
France-KLM and Alitalia as well as a joint venture with Virgin
Atlantic. Including its worldwide alliance partners, Delta offers
customers more than 15,000 daily flights, with key hubs and markets
including Amsterdam, Atlanta, Boston, Detroit, Los Angeles,
Minneapolis/St. Paul, New York-JFK and LaGuardia, London-Heathrow,
Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita.
Delta has invested billions of dollars in airport facilities,
global products and services, and technology to enhance the
customer experience in the air and on the ground. Additional
information is available on the Delta News Hub, as well as
delta.com, Twitter @DeltaNewsHub, Google.com/+Delta, and
Facebook.com/delta.
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SOURCE Delta Air Lines