Aeromexico board says Delta offer for shares ‘fair’

Passengers check in at a counter of Delta Air Lines in Mexico City

MEXICO CITY (Reuters) – Grupo Aeromexico <AEROMEX.MX> said on Tuesday that its board had determined that Delta Air Lines Inc’s <DAL.N> offer to buy an additional 32 percent of its shares was fair.

Aeromexico said in a statement that its board members, shareholders and chief executive would participate in Delta’s offer, which was increased earlier this month, assuming that circumstances do not change.

(Reporting by Christine Murray)