Delta Air Lines completed its proposed $65 million investment in Aeromexico, a move that gives the U.S. carrier a roughly 4.2% holding in its SkyTeam partner and continues a redevelopment plan that includes the recent purchase of an oil refinery, major revisions to its pilot scope clauses and funding the Chapter 11 reorganization of regional operator Pinnacle Airlines. With this deal, Delta also gains a seat on Aeromexico’s board of directors and launches a maintenance, repair and ...
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