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.
EddieDude From Mexico, joined Nov 2003, 7685 posts, RR: 41
Reply 1, posted (10 years 4 months 1 week 2 days 23 hours ago) and read 3063 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-JFK-MEX AM 788 | MEX-JFK-FCO AM 788/AZ A332 | AMS-MEX 74M
Anthsaun From Mexico, joined Apr 2004, 544 posts, RR: 3
Reply 3, posted (10 years 4 months 6 days 21 hours ago) and read 2999 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.