General Lee
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Delta still planning to buy 200 planes by year-end Aug 10, 2011 10:40am EDT
MEXICO CITY Aug 10 (Reuters) - Delta Air Lines Inc is still planning on buying 200 planes by the end of the year and the final decision will be made in the third or fourth quarter, Chief Executive Officer Richard Anderson said on Wednesday.
"We haven't changed our plans," Anderson said at a news conference in Mexico City announcing a deal with Mexican airline Aeromexico. [ID:nN1E7790EH] (Reporting by Cyntia Barrera Diaz and editing by Gerald E. McCormick
Delta to invest $65 million in Aeromexico
Atlanta Business Chronicle
Date: Wednesday, August 10, 2011, 10:17am EDT - Last Modified: Wednesday, August 10, 2011, 11:05am EDT
Delta Air Lines Inc. has formed a commercial alliance with Grupo Aeromexico that includes a $65 million investment in the Mexican carrier has formed a commercial alliance with Grupo Aeromexico that includes a $65 million investment in the Mexican carrier and a seat on its board.
Atlanta-based Delta (NYSE: DAL) and Aeromexico were already partners in the SkyTeam Alliance. The two now will link Delta's network with Mexico's largest passenger network.
The deal includes codesharing for all Delta and Aeromexico flights between the United States and Mexico, flights within the carriers’ domestic networks and other international destinations, Delta said.
Delta will invest $65 million in exchange for ordinary shares in Grupo Aeromexico, made up of treasury stock set aside as part of Aeromexico's primary public offering on April 14. Delta also will gain a seat on the Aeromexico board of directors. The transaction is subject to approval from certain Mexican regulators.
In a separate agreement, Delta and Aeromexico will expand a Maintenance, Repair and Overhaul agreement. This includes a new facility opening in the third quarter of 2013.
Aeromexico has a fleet of Boeing 777, 767, 737 and the latest models of Embraer 145 and 190. It operates more than 550 daily flights to different cities in Mexico, the United States, Canada, Central and South America, Europe and Asia
Bye Bye--General Lee
MEXICO CITY Aug 10 (Reuters) - Delta Air Lines Inc is still planning on buying 200 planes by the end of the year and the final decision will be made in the third or fourth quarter, Chief Executive Officer Richard Anderson said on Wednesday.
"We haven't changed our plans," Anderson said at a news conference in Mexico City announcing a deal with Mexican airline Aeromexico. [ID:nN1E7790EH] (Reporting by Cyntia Barrera Diaz and editing by Gerald E. McCormick
Delta to invest $65 million in Aeromexico
Atlanta Business Chronicle
Date: Wednesday, August 10, 2011, 10:17am EDT - Last Modified: Wednesday, August 10, 2011, 11:05am EDT
Delta Air Lines Inc. has formed a commercial alliance with Grupo Aeromexico that includes a $65 million investment in the Mexican carrier has formed a commercial alliance with Grupo Aeromexico that includes a $65 million investment in the Mexican carrier and a seat on its board.
Atlanta-based Delta (NYSE: DAL) and Aeromexico were already partners in the SkyTeam Alliance. The two now will link Delta's network with Mexico's largest passenger network.
The deal includes codesharing for all Delta and Aeromexico flights between the United States and Mexico, flights within the carriers’ domestic networks and other international destinations, Delta said.
Delta will invest $65 million in exchange for ordinary shares in Grupo Aeromexico, made up of treasury stock set aside as part of Aeromexico's primary public offering on April 14. Delta also will gain a seat on the Aeromexico board of directors. The transaction is subject to approval from certain Mexican regulators.
In a separate agreement, Delta and Aeromexico will expand a Maintenance, Repair and Overhaul agreement. This includes a new facility opening in the third quarter of 2013.
Aeromexico has a fleet of Boeing 777, 767, 737 and the latest models of Embraer 145 and 190. It operates more than 550 daily flights to different cities in Mexico, the United States, Canada, Central and South America, Europe and Asia
Bye Bye--General Lee
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