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Delta intends to acquire a total of up to 49 percent of outstanding shares of Aeroméxico's parent company, the two airlines said this week. The move would further cement Delta's strong position in Latin America, while benefiting Aeroméxico's customers as well.

Currently, Delta and Aeroméxico offer a total of 103 codeshare destinations that represent more than 900 daily flights in six countries. The carriers collectively operated 93 codeshare flights when the agreement started in 1994.

A history of Delta's partnership with Aeroméxico:

  • 1994: Delta and Aeroméxico sign a commercial cooperation agreement.

  • 2000: Delta and Aeroméxico co-found SkyTeam, now a 20-airline alliance.

  • 2006: Delta signs maintenance services alliance with Aeroméxico (MRO in Guadalajara).

  • August 2011:  Delta and Aeroméxico announce an agreement for a long-term, exclusive commercial alliance. Delta invests $65 million in Aeroméxico, which represents 4.17 percent of its shares and allows Delta to have a seat on the board of directors.

  • June 4, 2012: Grupo Aeroméxico receives $65 million from Delta as part of the carrier’s investment in Mexico’s flagship carrier’s capital stock. The investment creates the leading airline alliance between Mexico and the United States.

  • August 2012: Delta and Aeroméxico announce a plan to begin the construction of a jointly operated aircraft maintenance, repair and overhaul (MRO) center at Querétaro Intercontinental Airport.

  • March 2014: Delta and Aeroméxico inaugurate TechOps Mexico, located near the International Airport of Queretaro. Both airlines invest $27.5 million, $55 million total, to build the largest service center in Latin America with the capacity to serve nine aircrafts simultaneously.

  • March 31, 2015: Delta and Aeroméxico file antitrust immunity application. The application marks a significant step in the creation of a $1.5 billion joint venture that will allow Delta and Aeroméxico to compete more effectively on routes between the U.S. and Mexico.