Delta has completed its purchase of a 20% equity stake in LATAM Airlines Group. The USD 1.9 billion acquisition comes pursuant to the partnership the carriers announced in September.
“Equity investments like this help create alignment within our partnerships as we bring together our brands, enabling us to provide the very best service and reliability for our shared customers,” said Steve Sear, president of international at Delta.
The carriers plan to begin code sharing during the first quarter of 2020 on up to 51 onward LATAM destinations in South America from Colombia, Ecuador and Peru and on up to 74 onward Delta destinations in the US from Miami, New York, Los Angeles and Orlando.
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