Delta Takes $65m Piece of Aeromexico

Delta Air Lines has agreed to buy $65m in Aeormexico shares as part of a wider partnership agreement between the two carriers. The American airline is paying about MXP31 per share, or a 31% premium to Tuesday’s MXP23.59 close. Shares closed Wednesday at MXP23.60. Aeromexico re-entered the public markets in March in a $ IPO.