.png?n=8043
News and destinations.
Our voices.
There are resources.
Search for a hotel and a cruise ship.
Delta will own 20% of the airline when Aeromexico leaves the bankruptcy court. The photo is from Aeromexico.
Delta will make new investments in Latam, Aeromexico and Virgin Atlantic as they emerge from Chapter 11.
Delta will get a 20% stake in Aeromexico, 10% in Latam and 49% in Virgin Atlantic.
Delta has a stake in Aeromexico, Virgin Atlantic and Latam with which it is seeking approval from the Department of Transportation.
During the Chapter 11 proceedings of Aeromexico and Latam, as well as the U.K.-overseen restructuring of Virgin Atlantic, those investments have been lost.
The losses were large. Delta invested $360 million in Virgin Atlantic. The carrier invested in Latam. Delta wrote off the $770 million investment in Aeromexico during the second quarter of 2020.
As global travel ramps back up, Delta is re-upping its international partnerships.
"These strategic investments in our partners will transform our ability to improve travel for our customers, enabling us to deliver a seamless travel experience alongside offering our customers an unparalleled network between North American and premier markets worldwide," said CEO Ed Bastian.
Virgin Group and Delta gave the airline 400 million pounds to help it through the Pandemic.
The Viewpoints of the JDS Africa/MI.
Delta Air Lines is revitalizing investment in foreign airlines.
