Delta Announces Launch Of Cash Tender Offer To Acquire Additional Shares Of Grupo AeroméxicoFeb 13, 2017
Share purchases could increase ownership stake in Grupo Aeroméxico to up to 49 percent
ATLANTA and MEXICO CITY , Feb. 13, 2017 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today launched a cash tender offer through the Mexican Stock Exchange to acquire up to an additional 32 percent of the outstanding capital stock of Grupo Aeroméxico S.A.B. de C.V. (BMV: AEROMEX) for MXN $53.00 per share. The difference from the previously announced tender price of MXN $43.59 is the result of interim exchange rate movements and other factors. Completion of the cash tender offer is subject to certain conditions including acceptance of the offer by holders of at least twenty-five percent (25%) of the outstanding shares of Grupo Aeroméxico and receipt of required antitrust approvals in Mexico.
Currently, Delta owns approximately 4.2 percent of the outstanding shares of Grupo Aeroméxico and holds options to acquire an additional 12.8 percent. If fully subscribed, following completion of the tender offer, Delta would own and/or have options to acquire up to a total of 49 percent of the outstanding shares of Grupo Aeroméxico.
**This is the next step in expanding our longstanding relationship with Aeromexico, a partnership built on our shared commitment to our customers in the U.S. and Mexico ,** said Ed Bastian , Delta*s Chief Executive Officer. **The tender offer and investment will further strengthen the relationship that will be established when our joint cooperation agreement is implemented in the second quarter.**
Delta and Aeroméxico launched their first codeshare in 1994. In 2011, Delta entered into an enhanced commercial agreement with Aeroméxico, and in 2012, Delta invested USD $65 million in shares of Grupo Aeroméxico, the parent company of Aeroméxico. In March 2015 , Delta and Aeroméxico entered into a joint cooperation agreement relating to flights between the United States and Mexico and the parties filed an application with the U.S. Department of Transportation (DOT) seeking approval of the agreement and immunity from the United States antitrust laws for the joint cooperation. The agreement also was submitted for approval to the Mexican antitrust authorities, the Mexican Comisión Federal de Competencia Económica ( Federal Economic Competition Commission or COFECE). In April 2016 , COFECE issued its resolution regarding the proposed joint cooperation agreement, through which, the authorization of this agreement was subject to the acceptance of and compliance with certain requirements. In December 2016 , the DOT issued a final order granting approval of, and immunity from the United States antitrust laws with respect to, the joint cooperation agreement, subject to certain conditions. Delta and Aeromexico have accepted the conditions required by COFECE and DOT and are in the process of implementing the required remedies.
Delta Adding Minneapolis-St. Paul Flights for Summer 2017Oct. 24, 2016
Delta is making some expansions and changes in response to customer demand at the airline*s second-largest hub, Minneapolis-St. Paul International Airport (MSP), including the extension of Honolulu service beginning Saturday.
Responding to customer demand: Aloha Honolulu
Delta customers looking to get their Hawaii fix will have more chances to do so next summer, as Delta extends its seasonal Minneapolis-St. Paul to Honolulu service. Winter seasonal service commences Oct. 29 (the same day that Delta*s service to Tokyo-Haneda begins from MSP) and will now continue through Labor Day 2017 instead of a previously planned hiatus in April 2017.
The increased Honolulu service will take the place of Delta*s summer seasonal service to Rome*s Leonardo da Vinci-Fiumicino Airport, which will not return next summer due to weak demand. Delta*s MSP customers can still easily get to Rome with convenient one-stop connections at Delta*s Atlanta, Detroit or New York-JFK gateways or via Joint Venture partner hubs in Amsterdam and Paris.
Joint Venture partner KLM adding Amsterdam (AMS) service next summer
Delta*s JV partner KLM will launch three-day-per-week seasonal service from MSP-AMS starting next summer. KLM*s departure at 2:50 p.m. will complement Delta*s existing thrice daily MSP-AMS service. Customers can take advantage of dozens of simple connections in Amsterdam to over 50 destinations in Europe, Africa and India on KLM and codeshare partners Jet Airways and Transavia.
Further domestic enhancements next summer
In addition to the Honolulu extension, Delta customers will enjoy added flight options to San Jose, Calif. (SJC); Phoenix (PHX), and Richmond, Va. (RIC), next summer:
• SJC: One additional round trip for a total of three
• PHX: One additional round trip for a total of six
• RIC: One additional round trip for a total of two
**This additional flying speaks to the great connecting opportunities over MSP as well as local demand for nonstop flying between Minneapolis-St. Paul and these communities,** said Andy Renner, Director – Domestic Planning. **These additions will complement our ongoing work to fly larger aircraft at our MSP hub as we replace 50-seat jet flying with more two-class regional jet and mainline departures with a particular focus on ensuring First Class service in the top business destinations.**
Delta Gives Customers First-Ever Map View Of Bags JourneyOctober 25, 2016
Maps are an integral part of travel but for those taking to the sky with checked bags, being able to see a piece of luggage and its journey through the airport and from one plane to the next has been lacking. That*s changing for Delta customers who now have a map view of their bag*s last scanned location on the Fly Delta mobile app.
**We*re the first carrier to offer this level of visibility,** said Bill Lentsch, Delta*s Senior Vice President – Airline Operations and Airport Customer Service. **From the moment our customers drop off their bag, we want them to know we*re looking out for it every step of the way and working to take the stress out of flying one innovation at a time.**
The new map enhancement builds on Delta*s industry-first, system-wide launch of Radio Frequency Identification (RFID) bag tags and the roll out of RFID tracking technology at 84 airports in the U.S. All domestic stations now offer map view of the bag*s journey and international stations will receive this technology in the coming months.
When a customer wants to see the location of their bag on the map, the display starts by showing a zoomed out map of the U.S. as the bag travels from one airport to the next. The map then automatically zooms to airport view and users can follow their bag along its journey via pins, with the last known location identified by a suitcase icon. Tapping any of the pins or the icon will provide additional text information about the location of the bag.
Push notifications will sync with the app later this year and offer Delta customers down-to–the-minute updates on their checked baggage.
**We listen to our customers and know they want a simplified mobile experience that puts the control back in their hands,** said Rhonda Crawford, Vice President – Global Distribution & Digital Strategy. **Fly Delta 4.0 automatically updates when your flight details change, keeping customers informed.**
In addition to an enhanced map view for baggage, the Fly Delta app update seamlessly integrates the **Today** view and the customer*s boarding pass into one screen, and the color of the **Today** screen now reflects each customer*s current SkyMiles® Medallion status. Electronic boarding passes now automatically update, that includes seat, gate and flight information.
For those purchasing tickets on mobile, Delta created a more user-friendly experience to make purchasing even faster by eliminating the need to re-verify each leg of the trip while shopping. The airline also fixed bugs and enhanced overall performance of the app.