Fuente: © Delta Airlines
http://www.delta.com/

Delta Air Lines Completes Sale of Atlantic Southeast Airlines to SkyWest, Inc

- ASA, SkyWest Airlines remain leading Delta Connection carriers with new 15-year agreements to continue serving Delta customers

/noticias.info/ Delta Air Lines, Inc. (NYSE: DAL) today announced that it has successfully completed the sale of Atlantic Southeast Airlines, Inc. (ASA) to SkyWest, Inc. (Nasdaq: SKYW) for a purchase price of $425 million. As a result of the completion of this transaction, ASA is now a wholly owned subsidiary of SkyWest, Inc. and will continue to operate as a Delta Connection carrier under contract with Delta through 2020.

“The sale of ASA to SkyWest represents another important milestone in Delta’s transformation as it enhances our ability to operate our business as efficiently and cost effectively as we can,” said Delta Chief Executive Officer Gerald Grinstein. “The transaction strengthens our partnership with SkyWest and we look forward to working with ASA and SkyWest Airlines as they continue to serve Delta customers.”

As previously announced, $350 million in cash was payable to Delta at closing, representing $330 million of the purchase price and $20 million relating to certain aircraft financial deposits. An additional $125 million representing $95 million of the purchase price and $30 million relating to certain aircraft financing deposits is payable to Delta upon the earlier of the assumption by Delta of the ASA and SkyWest Airlines Delta Connection agreements should Delta file for reorganization under Chapter 11 or four years after the closing of the transaction. Conversely, SkyWest shall be entitled to retain the $125 million if Delta rejects either the ASA or SkyWest Airlines Delta Connection agreements in a Chapter 11 proceeding prior to the fourth anniversary of the closing of this transaction.

Delta Air Lines is the world’s second-largest airline in terms of passengers carried and the leading U.S. carrier across the Atlantic, offering daily flights to 487 destinations in 88 countries on Delta, Song, Delta Shuttle, the Delta Connection carriers and its worldwide partners. Delta’s marketing alliances allow customers to earn and redeem frequent flier miles on more than 14,000 flights offered by SkyTeam carriers and other airline partners. Delta is a founding member of SkyTeam, a global airline alliance that provides customers with extensive worldwide destinations, flights and services. notas_de_prensa_archivo