Mexico competition watchdog approves Aeromexico-Delta joint venture

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’ position in the world’s second-largest cross-border market, helping them vie for U.S. vacationers, business executives and travelers visiting friends and family in either country.