Aeromexico’s board of directors announced on Tuesday that the firm would review an offer from Delta Airlines to increase its stake in the airline. Delta, already owns a 4.1% stake in Aeromexico, announced last month it planned to acquire an additional 32% of Aeromexico to strengthen its presence in the fast growing Latin American market. News of the new plan boosted Aeromexico shares by 30%. In a statement Aeromexico said its board of directors “Agreed that it would review (Delta’s) public offer at the right time in light of applicable regulations.”