Mexico's federal competition commission (Cofece) approved Aeromexico's $1.5 billion joint venture with Delta 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 Cofece for antitrust immunity in order to coordinate flight 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 . . .
This independent news site is supported by subscribers.
Login now, or subscribe today. As a premium subscriber to our independent news site, for as low as .10 cents per day, you'll unlock full news coverage of the events that shape our city, exclusive interviews with local influencers, and in-depth reports that get to the heart of Puerto Vallarta's unique challenges and triumphs, while also learning more about news throughout Mexico that makes a difference. Help us sustain the future of independent journalism in Puerto Vallarta. It's a small market so advertising doesn't make a dent in the costs, but you can help! Subscribe today and become an essential part of the conversation.
