FlyerTalk Forums - View Single Post - Delta to acquire up to additional 32% of Grupo Aeromexico outstanding shares
Old Nov 18, 2015, 5:44 pm
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Originally Posted by phenobarbital
I remembered that one, but I was thinking more along the lines of a 49% stake. That may be hard given the amount of money involved.
I think any Asian airline might have problems with government approval. Even if it's perfectly legal for DL to own 49% of the airline, the government might step in and not allow. Considering China Eastern and China Southern are controlled by Chinese government it might not want DL to own such a large percentage. KE seems to not really want to have much to do with DL. There's no other real partner large enough and that adds enough destinations to justify a purchase.
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