--Delta Air Lines (DAL) said it intends to purchase a 20% stake in LATAM Airlines Group SA (LTM), CNBC said Thursday.

--Delta will pay $1.9 billion for the stake in Latin America's largest airline, the report said.

--Delta said it plans to exit its stake in Brazil's GOL airline, which competes with LATAM, the report said.

Full story: https://www.cnbc.com/2019/09/26/delta-is-buying-20percent-of-latam-latin-americas-largest-airline.html

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

September 26, 2019 17:11 ET (21:11 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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