Tricio to become chairman as investors raise Aeromexico stake

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A group of local Mexican investors led by Eduardo Tricio and Valentin Diez-Morodo have acquired an additional 20.2% stake in Aeromexico in a move which will see the former become chairman of the SkyTeam carrier.

The investors have acquired the majority of the stake from an affiliate of Mexican bank Banamex. The latter has sold 18.5% of its stake in the airline, leaving it with a 17.9% shareholding. Both Banamex and the Mexican investors have been shareholders in the airline since its sale in 2007.

Tricio, who is currently chairman of Mexican dairy firm LaLa, becomes the only board member to own more than 10% of Aeromexico's outstanding shares. He will be named chairman of Aeromexico's board of director, succeeding Jose Luis Barraza Gonzalez, who has served as chairman since 2007.

Diez-Morodo will be named vice-chairman for Aeromexico. The airline adds that Andres Conesa will remain chief executive.