Delta’s ownership stake in another airline may or may not come with seat(s) on the board of directors for that airline. A seat on the board is a significant opportunity for Delta to provide input into how that airline conducts its business. Delta’s voice is louder at some airlines than others, based on the size of equity stake held. Here’s a breakdown of Delta’s ownership stakes and board seats.
| Partner Airline |
Percent Ownership |
Seats on the BOD |
|
Aeroméxico |
49% |
1 |
|
Air France / KLM |
10% |
1 |
|
China Eastern |
3% |
0 |
|
GOL |
9% |
1 |
| Virgin Atlantic | 49% |
3 |
China Eastern and GOL represent ownership stakes without an active joint venture agreement. All others have an operating joint venture where we share profit and loss on specified routes.
Who Holds the Board Seats?
CEO Ed Bastian
CEO Ed Bastian, President Glen Hauenstein, and Cornelis Koster, senior vice president Europe, Middle East, Africa and India (and former Aeroméxico COO). Dwight James, senior vice president Trans-Atlantic sits as an alternate.
William Charles Carroll, senior vice president – International Chief Financial Officer and Administration
George Mattson, also a member of Delta’s Board of Directors
Note: All titles are Delta Air Lines positions
This positioning is a clear opportunity to have a say in the future of these airlines, and is aimed to jointly benefit the partners.