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 . . .