Delta Airlines, the third-biggest in the U.S., has decided to flip its bets on Latin America. The company has let go of its stake in market leader Gol and made a huge investment in its main rival in Brazil, Latam. More than a business decision, the deal announced yesterday may have deep implications and reshape the Brazilian aviation sector, which is already undergoing transition.
Following its aggressive expansion plans for Latin America, Delta announced it would pay USD 1.9 billion to acquire a 20-percent stake in Latam—the group formed in 2012 after the merger between Chile’s Lan and Brazil’s...
