Delta Completes Purchase of 20 Percent Stake in LATAM

Earlier this year, Delta Air Lines announced plans to purchase a 20 percent stake in Latin America’s largest airline, LATAM, for $1.9 billion.

Now, the airline has completed the tender offer and has acquired a 20 percent equity stake in LATAM Airlines Group S.A. This brings together two leading airlines in North and South America.

According to Delta, this is part of a strategy of making equity investments in key airline partners around the globe.