Mexico’s Interjet says it may sell stake to United, American

Interjet is in talks to sell an equity stake to American Airlines Group or United Continental Holdings said chairman Miguel Aleman Velasco. Aleman Velasco declined to say how large a stake is for sale or what price it might fetch. No agreement has been reached, he said Thursday. A sale would raise money for Interjet as it looks to keep up with the growth of rival discount carrier Volaris. Delta Air Lines is seeking to increase a stake in Grupo Aeromexico to as much as 49% and to create a joint-venture partnership. That would enable the carriers to collaborate on fares and routes without violating antitrust rules. American has a marketing agreement with Interjet that lets the it book passengers on Interjet flights between Mexico City and 5 Mexican destinations. <br/>
Bloomberg
http://www.bloomberg.com/news/articles/2016-10-27/interjet-mulling-stake-sale-to-united-or-american-chairman-says
10/27/16