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Volaris | November 11, 2016
Mexican airlines Aeromexico and Volaris were swept away by two days on the Mexican Stock Exchange (BMV) by the depreciation of the peso against the dollar, which hit record lows due to the uncertainty generated by the victory in the presidential election of Donald Trump....
Delta Air Lines | May 20, 2016
Mexico's federal competition commission approved Aeromexico's $1.5 billion joint venture with Delta Airlines with certain conditions, Aeromexico said in a filing on Monday.Grupo Aeromexico SAB de CV and Delta Airlines Inc are seeking a broad alliance and had asked the commission, known as Cofece, for antitrust immunity in order to coordinate prices, capacity and schedules. The two carriers are still awaiting U.S. government approval.The tie-up ultimately will strengthen the airlines&rsqu...
Volaris | May 16, 2016
Delta Airlines intends to increase its investment in Aeromexico within the next few months. It hopes to get regulatory approval to set up an immunized joint venture in the near future as well. The Motley Food reports that this Delta-Aeromexico partnership could be good for No. 2 Mexican airline Volaris (NYSE:VLRS). Here’s why. One step closer to a joint venture...
Delta Air Lines | May 03, 2016
NEW YORK (TheStreet) -- Delta Air Lines (DAL) stock is gaining 1.68% to $42.88 in early afternoon trading on Tuesday after the airline carrier gained approval from Mexican competition regulators for the $1.5 billion joint venture with Grupo Aeromexico.Mexico's competition commission, known as Cofece, approved the partnership, which will allow the companies to collaborate on schedules, capacity and prices, Reuters reports....
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