Grupo Aeromexico - Relevant Event
09 Aug, 2012, 06:23 ET
MEXICO CITY, Aug. 9, 2012 /PRNewswire/ -- Grupo Aeromexico, S.A.B. de C.V. ("Grupo Aeromexico" or "Aeromexico") (BMV: AEROMEX.MX), the largest intercontinental airline in Mexico, announced that it has initiated discussions with Aimia Inc. ("Aimia"), the global leader in loyalty management.
The aforementioned discussions are related to Aimia's intention of increasing its equity participation in Premier Loyalty & Marketing, S.A.P.I. de C.V. (PLM), Grupo Aeromexico's subsidiary and independent business unit, as well as the owner and operator of "Club Premier", Mexico's first broad-base coalition loyalty program.
While there can be no assurances that an agreement will ultimately be reached, the parties will seek to reach an agreement by the end of 2012.
About Grupo Aeromexico
Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and in the promotion of passenger loyalty programs. Its fleet includes Boeing 777, 767 and 737 aircraft and the latest Embraer 145, 170 and 190 models. The carrier announced a major expansion plan in 2011 to acquire 20 new and wholly owned aircraft including ten Embraer 190 and ten Boeing 737-8 NG airplanes. Aeromexico will take delivery of nine 787-8 Dreamliners over the next three years. Moreover, in 2012, Aeromexico announced the most significant fleet investment program in Mexican aviation history: the acquisition of 100 new aircraft, including 90 Boeing 737-8MAX and 10 Boeing 787-9 Dreamliner airplanes.
Grupo Aeromexico operates its main hub out of Terminal 2 in the Mexico City International Airport, and offers close to 600 daily flights to different cities in Mexico, the United States, Canada, Central and South America, Europe and Asia.
Aeromexico is a founding member of SkyTeam, the global airline alliance partnering 17 airlines. Passengers can earn and redeem miles through the different airline partners' loyalty programs and enjoy the benefits offered at SkyTeam's 503 airport lounges around the world. SkyTeam offers its 531 million annual passengers more than 14,000 daily flights to 983 destinations in 178 countries www.skyteam.com
About Premier Loyalty & Marketing, S.A.P.I. de C.V.
Premier Loyalty & Marketing, S.A.P.I. de C.V. is a subsidiary of Grupo Aeromexico, it owns and operates Club Premier, the first frequent flyer program established in Latin America. The company's objective is to reward the preference and loyalty of the Club Premier members through the accrual and redemption of Premier Kilometers. Members earn Premier Kilometers for flying with Aeromexico, Aeromexico Connect, SkyTeam airlines, and other airlines and for using American Express and Banamex co-branded cards or a variety of services from other loyalty partners. Members use their Premier Kilometers primarily to obtain flights on Aeromexico and other affiliated airlines.
SOURCE Grupo Aeromexico, S.A.B. de C.V.
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