Published on Tuesday, December 31, 2019

Delta finalizes USD1.9 billion stake purchase in LATAM

Delta Air Lines says it has completed all formalities in its purchase of 20% of LATAM Airlines Group.

It paid an estimated $1.9 billion for the stake.

"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 - international.

"We look forward to working with LATAM to give our customers unparalleled access throughout the Americas."

The surprise announcement earlier this year of Delta's interest in LATAM came after American Airlines' planned joint venture with LATAM was denied by a Chilean court ruling.

LATAM has since exited the Oneworld alliance which American is a member of.

American's codesharing partnership with LATAM ends on 31 January 2020, and a new one with Delta will begin in the first quarter.

"The codeshare will offer customers increased connectivity between up to 74 onward destinations in the United States and up to 51 onward destinations in South America," Delta said.

Story Image

Your Comments

, be the first to post a comment.
Your email:

Email other comments made to this story

NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Are you worried about redundancy ?
YES 52.46 %
NO 47.54 %

Thank you for your vote

What is GoodtoGo?

Submit your news
or special offer

Current UK Special Edition

Current US Special Edition

Current Asia/Pacific Special Edition


Recovery Update: Cambodia, Vietnam, Myanmar, Laos, & China , with Mekong Tourism (Aug 5 )

James Thornton CEO of Intrepid Travel talks exclusively to TravelMole

Pure Michigan is prepared, protected and open for business - Next step International arrivals

Travel Industry Virtual Wellness Day Video