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New Deal


Announced

Delta Airlines invested in Air France-KLM.

Financials

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Transaction Value£32m
Consideration Type-
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Acquisition

airlines operator

commercial airline

Friendly

France

Public

airlines

Single Bidder

Airlines

Synopsis

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Delta Air Lines is deepening its longstanding and industry-leading partnership with Air France-KLM Group with a €375m ($437m) investment to acquire 10% equity in the joint venture partner and a seat on the Air France-KLM Group Board of Directors. Additionally, Delta, Air France-KLM and Virgin Atlantic will launch a combined long-term joint venture, supported by a 31% investment by Air France-KLM in Virgin Atlantic, to offer customers the most comprehensive trans-Atlantic route network.

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