Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Am And MX Privatization To Happen This Year?  
User currently offlineSsides From United States of America, joined Feb 2001, 4059 posts, RR: 21
Posted (9 years 2 months 4 weeks 1 day 17 hours ago) and read 2665 times:

http://www.dallasnews.com/sharedcontent/dws/bus/stories/012505dnbusmexairlines.9f405.html

According to this article, Mexico's government is promising that the sale of AM and MX will happen this year. Some experts are skeptical, but point out that government restrictions have inhibited the carriers' ability to compete with AA and CO's rapid expansion in Mexico. No US airlines appear interested in acquiring a stake (law prohibits more than 25% foreign ownership), which isn't surprising.

The airlines will be sold as a package, but the brands will still likely be kept separate. No word on who might be interested in buying.


"Lose" is not spelled with two o's!!!!
3 replies: All unread, jump to last
 
User currently onlineEddieDude From Mexico, joined Nov 2003, 7525 posts, RR: 43
Reply 1, posted (9 years 2 months 4 weeks 1 day 17 hours ago) and read 2637 times:

During 2006 the presidential campaigns will be in full swing and the political environment will be very tense, so the Mexican government is doing its best to sell AM and MX this year. The antitrust watchdog has agreed to allow the sale of AM and MX together so long as a viable competitor is developed, hence the efforts of the government to merge Aerolitoral and Aerocaribe. This new airline should fly the former MX F100's and the ERJ145's ordered by Aerolitoral and should be given several routes to compete with AM & MX.

As to who could buy AM & MX, several Mexican investors could be interested. The owners of the Camino Real hotels come to mind, and so does Grupo Carso. Maybe IB would be interested in holding 25% of the company.



Next flights: MEX-GRU (AM 77E), GRU-GIG (JJ A320), SDU-CGH (G3 73H), GRU-MEX (JJ A332).
User currently offlineN405MX From Mexico, joined May 2004, 1378 posts, RR: 10
Reply 2, posted (9 years 2 months 4 weeks 1 day 17 hours ago) and read 2630 times:

Actually the mexican goverment is doing what ever they can to sell both airlines this year, even no matter what.....


Life is what happens when you have other plans.....
User currently offlineAnthsaun From Mexico, joined Apr 2004, 544 posts, RR: 3
Reply 3, posted (9 years 2 months 3 weeks 5 days 15 hours ago) and read 2573 times:

So far as I know CINTRA wants to have the right plan and possible buyers by May 2005. Right now, Carlitos Slim is heading the list to become the new owner; and he wants it for himself, though he just wanted MX. The thing that worries some people is that he might get the package and then break it into several pieces, but that is not Slim´s way of management. He bets for large monopolies. So AM/MX is the kind of business for him. Maybe, the worst part of having AM/MX as a CARSO company is that airfares won´t come down. All CARSO products and services are expensive.


Over 80 years in business say a lot about success
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
AM And MX Now To Be Sold Separately. posted Tue Feb 8 2005 15:33:22 by JoseMEX
Am And MX To Be Sold Together. Official posted Wed Oct 27 2004 01:12:14 by Pzurita1
Merrill Lynch Designated To Sell Am And MX posted Fri Feb 9 2001 15:51:19 by Rojo
Future Of Am And MX, Open Skies? posted Thu Jan 6 2005 21:29:48 by AR385
Blue Angels Coming To SFO This Year? posted Sun Sep 12 2004 01:04:23 by Leamside
Who's Going To Oshkosh This Year? posted Mon Jun 28 2004 05:31:35 by JBirdAV8r
Air China To Expand Fleet To 150 This Year posted Wed Jun 9 2004 08:01:00 by Carnoc
Am And MX Selling Together posted Thu Oct 3 2002 21:17:44 by Pzurita1
Mexico Flag Carrier, Am And MX. posted Thu May 23 2002 23:51:16 by Ghost77
Latinamerica Airlines, What To Expect This Year? posted Wed Feb 13 2002 02:06:11 by MX-757