Delta closes $620-million investment in Aeromexico

Delta Air Lines has closed its tender offer for nearly a third of Aeromexico Group, investing roughly $620 million in the Mexican carrier. “This is yet another milestone that strengthens the Delta-Aeromexico relationship as we move toward implementing our joint cooperation agreement in the second quarter,” says Ed Bastian, chief executive of Delta, in a statement. Aeromexico and Delta will launch an immunised joint venture covering their flights between Mexico and the U.S.A. on April 1. Source: FlightGlobal Foreign investment to Colombia grows two-fold in February Foreign investment to Colombia reached $675 million in February, up 200 percent from the $230 million in February last year, the central bank said. The strongest growth was for the mining and oil sectors. […]

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