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Aeromexico’s Board of Directors Issue Opinion on Delta Air Lines’ Tender Offer


MEXICO CITY, Feb. 21, 2017 /PRNewswire/ — Grupo Aeromexico, S.A.B. de C.V. (BMV: AEROMEX), (Aeromexico) reports that its Board of Directors held a meeting, and after receiving the opinion of its Audit Committee and the opinion of Morgan Stanley & Co. LLC, as an independent expert, regarding the offer price, considers such price is both supported from a financial perspective and represents fair value. The members of the Board, shareholders and Chief Executive Officer announced their decision to participate in the offer, under the proposed terms, assuming there are no changes to current circumstances. They do not consider that there are conflicts of interest with regard to the offer and or related to the offeror. Those members related to the offeror abstained from participating in the discussion and resolution process.

About Grupo Aeromexico

Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico´s global airline, operates more than 600 daily flights and its main hub is in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 45 destinations in Mexico, 17 in the United States, 15 in Latin America, 3 in Canada, 4 in Europe, and 2 in Asia.

The Group’s fleet of more than 130 aircraft is comprised of Boeing 787, 777 and 737 jet airliners and next generation Embraer 145, 170 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico, to purchase 100 Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9 Dreamliner’s.

As a founding member of the SkyTeam airline alliance, Aeromexico offers customers more than 1,000 destinations in 177 countries served by the 20 SkyTeam airline partners rewarding passengers with benefits including access to 636 premium airport lounges around the world. Aeromexico also offers travel on its codeshare partner flights with Delta Air Lines, Alaska Airlines, Avianca, Copa Airlines and WestJet, with extensive connectivity in countries like the United States, Brazil, Canada, Colombia and Peru.

Disclosure:This relevant event is not an offer to sell securities. Any public offer for acquisition of securities must be made through the preparation of a prospectus or information leaflet, which will contain information about the Offeror, Grupo Aeroméxico, and their respective administrations, as well as their financial statements and other relevant information. The present relevant event contains certain forecasts or projections, which reflect the current vision or expectations of Grupo Aeroméxico and its management regarding its performance, business and future events. We use words like “believe”, “anticipate”, “plan”, “expect”, “intend”, “target”, “estimate”, “predict”, “predict”, “forecast”, “guidelines” “And other similar expressions to identify forecasts or projections, but it is not the only way we are referring to them. These statements are subject to certain risks, unforeseen and assumptions. We note that a number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this relevant event. Grupo Aeroméxico is not subject to any obligation and expressly disclaims any intention or obligation to update or modify any forecast or projection that could result from new information, future events or any other cause.


SOURCE Grupo Aeromexico S.A.B. de C.V.

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