RIO DE JANEIRO, BRAZIL - (Reuters) Delta Air Lines said on Thursday, September 26th, it would buy a 20 percent stake in LATAM Airlines Group for US$1.9 (R$8) billion, creating a major new airline partnership and ending the Chilean-Brazilian carrier’s ties with American Airlines.
The surprise deal with Latin America’s largest carrier will give Delta a much bigger footprint in the region, a key growth market in which LATAM flies to dozens of destinations including cities in Argentina, Peru and Brazil.
The LATAM deal is Delta’s largest since it merged with Northwest Airlines a . . .