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Aeromexico Evaluating Offer From Delta Airlines

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.”