INVESTMENTS | | | | | | | | | | | | | | | | | | | | | | | | | Equity investments ownership interest and carrying value | | Accounting Treatment | | Ownership Interest | | Carrying Value | | (in millions) | | | March 31, 2024 | December 31, 2023 | | March 31, 2024 | December 31, 2023 | | Air France-KLM | Fair Value | | 3 | % | 3 | % | | $ | 82 | | $ | 110 | | | China Eastern | Fair Value | | 2 | % | 2 | % | | 116 | | 134 | | | | | | | | | | | Grupo Aeroméxico | Equity Method | | 20 | % | 20 | % | | 441 | | 421 | | | Hanjin KAL | Fair Value(1) | | 15 | % | 15 | % | | 439 | | 561 | | | LATAM | Fair Value | | 10 | % | 10 | % | | 756 | | 658 | | | Unifi Aviation | Equity Method | | 49 | % | 49 | % | | 161 | | 162 | | | Wheels Up | Fair Value(2) | | 38 | % | 38 | % | | 756 | | 903 | | | Other investments | Various | | | | | 496 | | 508 | | | Equity investments | | | | | | $ | 3,247 | | $ | 3,457 | |
(1)At March 31, 2024, we held 14.8% of the outstanding shares (including common and preferred), and 14.9% of the common shares, of Hanjin KAL. (2)Our voting rights with respect to Wheels Up are capped at 29.9%.
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