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Delta and Aeromexico to launch joint cooperation agreement

Grupo Aeroméxico and Delta Air Lines today begin their joint cooperation agreement (JCA) to operate transborder flights between the United States and Mexico. Delta and Aeromexico have confirmed with the U.S. Department of Transportation (DOT) and Mexico’s Federal Economic Competition Commission (COFECE) that they have completed the steps required to launch the JCA.

The carriers are writing a new chapter in the history of aviation in the Americas with the first immunized transborder alliance between Mexico and the United States. This partnership will allow the carriers to expand competition and serve new destinations. Additional service and more convenient schedules will benefit customers of both companies, while deepening the relationship the airlines have shared for more than 20 years.

Starting today, Delta and Aeromexico will work together to enhance the customer experience on the ground and in the air by investing in airport facilities, boarding gates and lounges. The two companies will also be able to implement joint sales and marketing initiatives in both countries.

 

Delta will provide service in the United States through its connecting hubs in Atlanta, Detroit, Los Angeles, Minneapolis-St. Paul, New York, Salt Lake City and Seattle; Aeromexico will offer greater access to Mexico through its hubs in Mexico City, Monterrey and Guadalajara.

Delta and Aeromexico have a long history of working together. They launched their first codeshare in 1994. In 2011, Delta entered into an enhanced commercial agreement with Aeromexico, and in 2012, Delta invested USD$65 million in shares of Grupo Aeroméxico, the parent company of Aeromexico. In 2015, Delta and Aeromexico filed an application with the U.S. Department of Transportation and the Mexican Federal Economic Competition Commission (COFECE) seeking approval of the JCA covering transborder flights between the United States and Mexico. In 2016, both airlines accepted the conditions set by the authorities, and in 2017, they implemented the actions necessary to comply with the required remedies.

In March 2017, Delta completed a cash tender offer to acquire 32% of Grupo Aeromexico. With the completion of the tender offer, Delta owns 36.2% of the outstanding shares of Grupo Aeromexico and holds options to acquire an additional 12.8% for a total of 49% of the outstanding shares of Grupo Aeromexico.

Iuliia Tore

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