LATAM Airlines Group sells its stake in Mexican cargo airline Mas Air
Updated on April 27th, 2018 at 04:41 IST
April 27, 2018: LATAM Airlines Group has reached a preliminary agreement for the sale of its stake of Mexican cargo airline Aerotransportes Mas de Carga (Mas Air) to a group led by current shareholders of said company.
If the conditions stipulated in the agreement are met, the transaction is expected to be executed in early August of this year.
“The transaction amount is not considered material for LATAM Airlines Group,” said LATAM Airlines through a statement.