UPS Airlines (5X, Louisville International) has announced that it has entered into an agreement to acquire Mexican express delivery carrier Estafeta Carga Aérea (E7, San Luis Potosí).
The acquisition is an evolution of a commercial agreement signed between the two companies in 2020 and is part of UPS’s ‘Better and Bolder’ strategy, it said in a statement. The deal is set to close by the end of this year, subject to customary closing conditions and regulatory approvals.
UPS did not disclose the value of the transaction.
The ch-aviation fleets module shows that Estafeta Carga Aérea’s fleet comprises six aircraft, namely two B737-400(F)s and four B737-400(SF)s.
“This is the right time to accelerate our growth, and UPS will help connect our customers to new, global opportunities, and strengthen the connection of Mexico’s growing economy to the rest of the world,” said Jens P Grimm, president and chief executive of Estafeta.
Estafeta declined to discuss further on the acquisition announcement.
