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Delta is Buying 20% of LATAM, Latin America’s Largest Airline

Delta Air Lines is expanding its presence in Latin America by spending $1.9 billion for a 20% stake in LATAM, Latin America’s largest airline, a twist for Delta rival American Airlines that had pursued a joint-venture with the Chilean-based carrier to grow revenue in the region. ( More...

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Analysis: Delta Purchases 20% Of LATAM, Re-Shapes US-Latin America Market

Delta Air Lines (DL) plans to purchase a 20% stake in LATAM Airlines (LA), the largest carrier in Latin America, for $1.9 billion—a move that will send shockwaves throughout the US-Latin America market.

The two carriers will also launch a Joint Venture (JV), pulling LATAM away from its current membership in the oneworld alliance and the proposed JV with Delta’s rival, American Airlines (AA).


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