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LATAM Airlines

Eric Kulisch Wednesday, October 23, 2019

Delta borrowing $1.5 billion to pay for LATAM Airlines stake

Delta Air Lines [NYSE: DAL] is selling $1.5 billion worth of bonds to help pay for its 20% stake in South American carrier LATAM Airlines, according to a prospectus filed with the Securities and Exchange Commission Wednesday afternoon. The Atlanta-based airline announced its intent four weeks ago to form a joint venture with LATAM to […]

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Eric Kulisch Monday, October 21, 2019

Analysis: Delta-LATAM joint venture has strong cargo upside

The joint venture between Delta Airlines (NYSE: DAL) and LATAM Airlines (NYSE: LTM) proposed last month was motivated by synergies on the passenger side, but analysts also see attractive opportunities to extend cargo reach, make money and benefit shippers. Delta officials have not publicly discussed the potential to gain from each other’s cargo strengths and […]

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Eric Kulisch Thursday, September 26, 2019

Delta takes stake in LATAM Airlines

Delta Air Lines [NYSE: DAL] plans to take a 20 percent ownership of LATAM Airlines [NYSE: LTM] with a $1.9 billion investment in the Chilean-based airline that positions it to make inroads against American Airlines’ in Latin America. Both companies said late Thursday afternoon (Sept. 26) the new partnership would provide passengers greater global connectivity […]

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