Grupo Aeromexico, S.A.B. de C.V. Informs Of Delta Air Lines Inc.'s Intention To Increase Its Equity Stake In The Company

Delta's ownership stake in Grupo Aeromexico could increase to up to 49 percent

Nov 18, 2015, 17:25 ET from Grupo Aeromexico, S.A.B. de C.V.

MEXICO CITY, Nov. 18, 2015 /PRNewswire/ -- Grupo Aeromexico, S.A.B. de C.V. ("Grupo Aeromexico" or "the Company") (BMV: AEROMEX) announces that it has been informed of Delta Air Lines' intention to acquire up to an additional 32 percent of the outstanding capital stock in Grupo Aeromexico through a public tender offer, subject to Mexican and United States regulatory approvals.  Following completion of the tender offer, the total stake of Delta Air Lines in Grupo Aeromexico could increase to up to 49 percent of the Company's outstanding capital stock.

Once the offer is made, Grupo Aeromexico's Board of Directors and its Audit and Corporate Practices Committee will review the proposal, proceeding in line with the applicable regulations and Company's by-laws.

Delta Air Lines' announcement, as made today, is available in the link below

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 the promotion of passenger loyalty programs. Aeromexico, Mexico´s global airline, operates more than 600 daily flights and its main hub is in Terminal 2 at Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 45 destinations in Mexico, 16 in the United States, 15 in Latin America, three in Europe, two in Asia and three in Canada.

The Group's fleet of more than 120 aircraft is comprised of Boeing 787, 777 and 737 jet airliners and next generation Embraer 145, 170, 175 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico, to purchase 100 Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9 Dreamliners.

As a founding member of the SkyTeam airline alliance, Aeromexico offers customers 1,000 destinations in 177 countries served by the 20 SkyTeam airline partners rewarding passengers with benefits including access to 636 premium airport lounges around the world. Aeromexico also offers travel on its codeshare partner flights with Delta Air Lines, Alaska Airlines, Avianca, LAN, TACA and TAM with extensive connectivity in countries like the United States, Brazil, Canada, Chile, Colombia and Peru. 

Legal Disclaimer

This press release is not an offer of securities. Any public offering to purchase securities must be made by means of a prospectus and/or information statement that may be obtained from Grupo Aeromexico and that will contain information about the Offeror, Grupo Aeromexico and their management, as well as financial statements and other material information.

This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as "believe," "anticipate," "plan," "expect," "intend," "target," "estimate," "project," "predict," "forecast," "guideline," "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Grupo Aeromexico is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Grupo Aeromexico, S.A.B. de C.V.