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latam cargo ATLANTA: September 26, 2019. Delta Air Lines has announced it is to take a 20 percent stake in LATAM Airlines Group (LATAM) for US$1.9 billion as part of a partnership to grow the two airlines’ joint ventures worldwide, including the US carrier’s existing partnership with Aeroméxico.

Delta will also invest US$350 million to establish the partnership, acquire four LATAM A350 aircraft and assume the carrier's commitment to purchase 10 more for delivery between 2020 and 2025.

The transaction, which is expected to enhance Delta’s earnings-per-share over the next two years and reduce LATAM’s forecasted debt by over US$2 billion by 2025, is subject to government and regulatory approvals, including anti-trust immunity.

“This alliance with Delta strengthens our company and enhances our leadership in Latin America by providing the best connectivity through our highly complementary route networks,” said LATAM CEO Enrique Cueto Plaza. “We look forward to working alongside one of the world’s best airlines.”

LATAM is the only airline group in the Americas and one of three worldwide to be part of the Dow Jones Sustainability ‘World’ Index. In 2019, it was recognized by the index for sustainable practices, based on economic, social and environmental criteria, for the sixth consecutive year.

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