redflyer65
Well-known member
- Joined
- Jan 1, 2004
- Posts
- 4,456
Looks like Delta might have a new CEO, but the music is still the same. Less work for Delta employees and a closer relationship with others instead of 'in-house'. The outsourcing continues..ouch.
ATLANTA - Delta Air Lines will invest $65 million in Grupo Aeromexico and get a seat on the Mexican airline's board of directors as part of a new, tentative partnership announced Wednesday.
Under the terms of the deal, Delta will receive unspecified shares in Grupo Aeromexico and gain a seat on its board of directors in exchange for its investment.
The transaction must be approved by regulators in Mexico.
The pact also calls for Delta and Aeromexico to expand their existing commercial alliance by linking each other's passenger networks.
That means that the airlines' customers will be able to have access to both companies' airport lounges and accrue and redeem flight awards, among other benefits.
In a separate deal, the two companies also agreed to invest equal shares to build a facility in Mexico that builds on existing repair work between the carriers, as well as third party airlines.
Also...
“This is a significant milestone for Delta TechOpsmaintenance, repair and overhaul (MRO) business as we expand our global footprint into the Mexican and Latin American markets,” Tony said. “It will enable us to provide our customers in these regions with a maintenance facility that is nearby, provide a significant cost savings to Delta and at that same time allow us to explore further leveraging the high-quality airframe maintenance work that Aeroméxico provides Delta today.
ATLANTA - Delta Air Lines will invest $65 million in Grupo Aeromexico and get a seat on the Mexican airline's board of directors as part of a new, tentative partnership announced Wednesday.
Under the terms of the deal, Delta will receive unspecified shares in Grupo Aeromexico and gain a seat on its board of directors in exchange for its investment.
The transaction must be approved by regulators in Mexico.
The pact also calls for Delta and Aeromexico to expand their existing commercial alliance by linking each other's passenger networks.
That means that the airlines' customers will be able to have access to both companies' airport lounges and accrue and redeem flight awards, among other benefits.
In a separate deal, the two companies also agreed to invest equal shares to build a facility in Mexico that builds on existing repair work between the carriers, as well as third party airlines.
Also...
“This is a significant milestone for Delta TechOpsmaintenance, repair and overhaul (MRO) business as we expand our global footprint into the Mexican and Latin American markets,” Tony said. “It will enable us to provide our customers in these regions with a maintenance facility that is nearby, provide a significant cost savings to Delta and at that same time allow us to explore further leveraging the high-quality airframe maintenance work that Aeroméxico provides Delta today.
