LATAM Airlines announces strategic partnership with Delta

LATAM Airlines Group and DELTA has recently announced strategic partnership where Delta will make a public offer to acquire 20% of LATAM Group at US$16 per ADR. Delta will buy 14 Airbus A350 aircrafts from the LATAM Group: 4 currently owned by the LATAM Group, and 10 with orders placed by LATAM to be delivered from 2020 on. Delta will secure US$350 million to support the creation of this alliance.

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