Group Of Investors Acquires Important Stake In Aeromexico
-- Banamex has sold more than half of its equity, retains a 17.91% stake
-- Eduardo Tricio will be named Chairman of Aeromexico's Board of Directors, while Valentin Diez-Morodo will be named Vice-Chairman.
MEXICO CITY, Feb. 12, 2013 /PRNewswire/ -- Grupo Aeromexico, S.A.B. de CV (BMV: AEROMEX) has announced that a group of Mexican investors, led by Eduardo Tricio and Valentin Diez-Morodo, has acquired an additional 20.19% stake in Aeromexico that was previously owned by an affiliate of Banco Nacional de Mexico SA (Banamex). This group of investors is comprised of Aeromexico's shareholders who had participated in the 2007 initial purchase of the airline and who have since remained invested in the Company.
Through this transaction, Mr. Tricio will be the only Board member to own more than 10% of Aeromexico's outstanding shares. Banamex will continue to maintain a 17.91% stake in the Company.
Eduardo Tricio will be named Chairman of Aeromexico's Board of Directors, while Valentin Diez-Morodo will be named Vice-Chairman. Andres Conesa will remain as the Company's CEO.
Grupo Aeromexico's Board of Directors and Executive Committee have expressed their sincere gratitude to Jose Luis Barraza Gonzalez's outstanding performance as Chairman of the Board for more than five years and recognize his leadership since the airline's acquisition, particularly through the strengthening process of the Company.
Eduardo Tricio is currently Chairman of Grupo LALA's Board of Directors. He graduated from the Instituto Tecnologico y de Estudios Superiores de Monterrey, and is a member of the of the Boards of Grupo Financiero Banamex, Grupo Televisa, Mexichem, Grupo Industrial Saltillo, Grupo Porres and the Mexican Stock Exchange. He is an active member of the Mexican Council of Businessmen and supports many important social causes and philanthropies.
About Grupo Aeromexico
Grupo Aeromexico, S.A.B. Ltd., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. It has a fleet of Boeing 777, 767, 737 and the latest models of Embraer 145, 170 and 190. As of 2011, an important expansion plan began that includes the incorporation of 20 new planes and properties over the next 24 months. In 2012, Aeromexico announced that it signed a letter of intent to purchase 100 Boeing aircraft, 90 Boeing 737 MAX and 10 Boeing 787-9 Dreamliner, making it the largest investment program in Mexican aviation history.
Grupo Aeromexico operates its main hub out of Terminal 2 in the Mexico City International Airport. The Group's airlines operate more than 600 daily flights to different cities in Mexico, the United States, Canada, Central and South America, as well as Europe and Asia.
Aeromexico is a founding member of SkyTeam, the global airline alliance comprised of the following 19 airlines: Aeroflot, Aerolineas Argentinas, Air Europa, Air France, Alitalia, China Airlines, China Eastern, China Southern, CSA Czech Airlines, Delta Air Lines, Kenya Airways, KLM Royal Dutch Airlines, Korean Air, Middle East Airlines, Saudia, TAROM Romanian Air Transport, Vietnam Airlines and Xiamen Air. SkyTeam offers all partner airline passengers a large global network with more destinations and frequencies, and improved connectivity. Passengers can accrue and redeem miles with the different partners' loyalty programs and enjoy the convenience provided at 525 airport lounges worldwide. SkyTeam offers its 552 million annual passengers more than 15,000 daily flights to 1,000 destinations in 187 countries.
SOURCE Grupo Aeromexico, S.A.B. de CV