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Grupo Aeromexico and Delta Air Lines to Build Joint Heavy Maintenance Facility in Queretaro

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31-Aug-2012 Grupo Aeromexico (Mexico: AEROMEX.MX) and Delta Air Lines Inc. (NYSE: DAL) plan to begin construction of a jointly operated aircraft maintenance, repair and overhaul (MRO) center at the Intercontinental Airport in Queretaro, next to that State's Aerospace Park.

As part of a Memorandum of Understanding (MOU) and continuation of their commercial alliance, the carriers will invest equal amounts in a project to move work currently being done at the Guadalajara International Airport and expand MRO capabilities for their own aircraft and other carriers. The new facility's heavy maintenance capacity will allow for up to seven aircraft to be serviced simultaneously.

Delta President Ed Bastian said, "With the site selection, the joint efforts now move to begin constructing this facility that will usher in lower maintenance costs without compromising the very high quality work that Aeromexico provides Delta."

While Andres Conesa, CEO of Grupo Aeromexico, noted that "This investment is a clear recognition of world class quality and service Mexico offers through its skilled manpower and particularly our company, as it will consolidate and complement the heavy maintenance and overhaul services both carriers have offered at the Grupo Aeromexico maintenance base in Guadalajara over the last six years."

This project represents one of the most important investments in aviation infrastructure in Mexico in history and proves that the joint efforts between the private and public sectors benefit the country's economic growth. Delta Air Lines acquired a 4.17 percent stake in Grupo Aeromexico in June of this year.