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AM And MX Now To Be Sold Separately.  
User currently offlineJoseMEX From Mexico, joined Oct 1999, 1539 posts, RR: 24
Posted (9 years 6 months 3 weeks 6 days 13 hours ago) and read 5584 times:


I just heard on the radio that there's been a change of plans and now AM and MX will be sold separately. Instead of selling Aerolitoral and Aerocaribe together, and AM and MX together, the airlines are going to be sold basically as they are now: AM and Aerolitoral together, and MX and Aerocaribe together.

Also, former minister Pedro Aspe is planning to launch a low-cost carrier (link in spanish):
http://www.reforma.com/negocios/articulo/493633/

40 replies: All unread, showing first 25:
 
User currently offlinePecevanne From Mexico, joined Jun 2004, 180 posts, RR: 0
Reply 1, posted (9 years 6 months 3 weeks 6 days 13 hours ago) and read 5511 times:

Yes Jose. Yesterday IPAB decided to sell as separate entities.
My sources said that this figure will boost AM and MX in the near future.
Some body mention to me that MXA will start DFW in may.
Charters flights during the day( CUN,PVR,SJD) Scheduled by night(BJX,ZCL,MLM)
A-319 will be used


User currently offlineMx330 From Mexico, joined Oct 2002, 827 posts, RR: 13
Reply 2, posted (9 years 6 months 3 weeks 6 days 13 hours ago) and read 5504 times:
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Sounds like 10 times more logical than selling two different brands together.
Hope they sell them soon though!

Juan APM

P.S. JoseMEX, we missed you last Sat.



All Canon! EOS 5D mk III, 8mm, 17-40, 24-105, 70-200 f2.8, 100-400L
User currently offlineJJJM From United States of America, joined Mar 2000, 225 posts, RR: 0
Reply 3, posted (9 years 6 months 3 weeks 6 days 13 hours ago) and read 5504 times:

Where can we get more information on this topic?????

User currently offlineEddieDude From Mexico, joined Nov 2003, 7575 posts, RR: 43
Reply 4, posted (9 years 6 months 3 weeks 6 days 8 hours ago) and read 5418 times:

There are at least 3 articles in the financial internet portal http://mx.invertia.com. It seems that Aerocaribe will be transformed into an LCC. None of the articles mentions this expressly but it can be inferred from them. In addition, there are news on the interest of Protego (the investment bank headed by former Minister of Finance Pedro Aspe) to participate in the aviation industry (it is unclear if such participation will be made as a long-term investment, a venture-capital investment or solely as financial advisor to any interested investors).


Next flights: MEX-GRU (AM 77E), GRU-GIG (JJ A320), SDU-CGH (G3 73H), GRU-MEX (JJ A332).
User currently offlineHardiwv From Brazil, joined Oct 2004, 8780 posts, RR: 50
Reply 5, posted (9 years 6 months 3 weeks 6 days 8 hours ago) and read 5407 times:

Sorry my ignorance, but I thought AM and MX would be merged and not sold together. I also thought that AM and MX were managed by the same group: CINTRA. Why are they selling both airlines?

Rgs,


User currently offlineMexicana757 From United States of America, joined Apr 2001, 3041 posts, RR: 28
Reply 6, posted (9 years 6 months 3 weeks 6 days 7 hours ago) and read 5366 times:

Cool, this makes more sense than merging both AM and MX. Here is an article explaining what CINTRA will do. Probably once both airlines are sold, they will become very competitive with each other. I wonder how big this new LCC will be.

It also looks like CINTRA will also sell SEAT, they offer ground services for airlines.
http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh47348_2005-02-08_14-06-44_n08262400_newsml


User currently offlineAnxebla From , joined Dec 1969, posts, RR:
Reply 7, posted (9 years 6 months 3 weeks 6 days 7 hours ago) and read 5351 times:

Queridos Cuates... I assume AM will continue as a SkyTeam member... or not??

User currently offlineAM001 From United States of America, joined Jan 2004, 221 posts, RR: 5
Reply 8, posted (9 years 6 months 3 weeks 6 days 7 hours ago) and read 5331 times:
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Has any of you read this???

http://www.cintra.com.mx/espanol/accionist/boletines/boletin08Feb05.htm
(sorry, only in Spanish so far).

Briefly: there will be two main groups
- MX plus a new entity (yes, QA transformed into a LCC) for international routes.
- AM and a transformed 5D for domestic routes.
And then:
- SEAT will be sold independently...
- The sale of Aeromexpress (Cargo), Alas de America (the school), Sabre and ITR (systems) will be announced ¡n a later date.
So now we'll have a re-shuffle of routes??? What will happen to AM's routes to Europe? And to the important domestic market of MX?

I guess this is the best solution... But I wonder how many changes will we see in the near future...

Good afternoon, gentleman.

AM001



"Je vole car cela libere mon esprit de la tyrannie des choses insignifiantes" - St. Exupery
User currently offlineNYCFlyer From United States of America, joined Jan 2005, 1387 posts, RR: 10
Reply 9, posted (9 years 6 months 3 weeks 6 days 7 hours ago) and read 5319 times:

could someone please explain to me why AM and MX were made into two separate airlines to begin with? both are state-owned and managed by the same company. both do international and domestic flights. they even codeshare! what's the point? why have two airlines at all?

User currently offlineNavega From United States of America, joined Nov 1999, 741 posts, RR: 0
Reply 10, posted (9 years 6 months 3 weeks 6 days 7 hours ago) and read 5319 times:

Can someone confirm what I have been reading..

Aeromexico to become Domestic within Mexico and Mexicana to become
International ??


Would appreciate any info direct from Mexico. This was in Reuters this
morning on internet and on BBC.



User currently offlineLuis777 From Mexico, joined Aug 2004, 89 posts, RR: 0
Reply 11, posted (9 years 6 months 3 weeks 6 days 6 hours ago) and read 5289 times:

AM001

Tell me please where does it say that MX is going for international market and AM for national market, that press bulletin establish clearly that Mexicana is the leader in the international sector and Aeromexico is the leader in the national sector (I don't know if this is true, possibly), nothing else. It's non-sense that MX cover the most of international routes including Europe and AM just simply drop them from one day to another. AM and MX have to share both national and international market equally, it's logical if the CFC wants that both really could compete each other in favor of the passengers.

Regards

LG


User currently offlineJoseMEX From Mexico, joined Oct 1999, 1539 posts, RR: 24
Reply 12, posted (9 years 6 months 3 weeks 6 days 6 hours ago) and read 5289 times:

>Aeromexico to become Domestic within Mexico and Mexicana to become
International ??<

Well, that's what I understand from CINTRA's press release linked above ( reply 8).

Although who knows what they will come up with next week. (A veces me dá la impresión de que no tienen ni puñetera idea de lo que van a hacer con las dos compañías).

Thankfully, it looks like the Aeronacional name is gone for good.  Smile


User currently offlineLatinplane From United States of America, joined Dec 1999, 2717 posts, RR: 14
Reply 13, posted (9 years 6 months 3 weeks 6 days 6 hours ago) and read 5276 times:


Just my thoughts, but what is said about the LLC, could be what Ghost77, has said before, about turning AeroCaribe into Mexicana Express. Now, that makes perfect sense!

 Smile LatinPlane



User currently offlineAM001 From United States of America, joined Jan 2004, 221 posts, RR: 5
Reply 14, posted (9 years 6 months 3 weeks 6 days 6 hours ago) and read 5253 times:
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Luis, amigo: that's what I inferred from the press release (know I may be wrong)... and I know it's not a fact (I couldn't possibly like AM leaving Europe!!!)... that's why I asked what would become of both, to see if anyone had more info on both issues... And what I mean with "the best solution" is the separate sell of both entities, not the international/domestic issue...  Big grin

JoseMEX: Estoy absolutamente de acuerdo con eso!!!  Smile

BTW, here's a new one: http://money.iwon.com/jsp/nw/nwdt_rt.jsp?cat=USMARKET&src=704&feed=dji§ion=news&news_id=dji-00039620050208&date=20050208&alias=/alias/money/cm/nw



"Je vole car cela libere mon esprit de la tyrannie des choses insignifiantes" - St. Exupery
User currently offlineN405MX From Mexico, joined May 2004, 1378 posts, RR: 9
Reply 15, posted (9 years 6 months 3 weeks 6 days 6 hours ago) and read 5242 times:

Yep it´s right, also time ago in "El financiero" (financial newspaper in Mexico) said something about 2 weeks ago, right now the idea is that MX will keep QA (like now), but QA will be converted more into a LCC (right now is almos a LCC), and AM will keep 5D, part of aeromexpress will stay with MX as part of the plan to revive (hope i wrote right) the MX Cargo division (almost dissapeared time ago).

More news coming, like i said before, we´ll just have to wait, nothing is written yet.....

Regards



Life is what happens when you have other plans.....
User currently offlineSR117 From Mexico, joined Jun 2000, 795 posts, RR: 1
Reply 16, posted (9 years 6 months 3 weeks 6 days 6 hours ago) and read 5239 times:

Well, I don't want to comment too much since as JoseMEX says above, they'll probably change their minds again next week !

But one thing is for sure, once they're sold, it's up to the new owners to decide what they will do with the companies, so I dunno how they can be saying that one airline will be focused on this and that, and the other airline on something else. That's up to the new owners to decide, not CINTRA !

Ricardo


User currently offlineN405MX From Mexico, joined May 2004, 1378 posts, RR: 9
Reply 17, posted (9 years 6 months 3 weeks 6 days 6 hours ago) and read 5224 times:

SR117 you´re right, at this time CINTRA only can give some orders to MX or AM, but in a few month´s, the new owners will decide about this let´s see what happens


Life is what happens when you have other plans.....
User currently offlineJJJM From United States of America, joined Mar 2000, 225 posts, RR: 0
Reply 18, posted (9 years 6 months 3 weeks 6 days 6 hours ago) and read 5225 times:

I totally agree on SR117....changes will really come when both airlines are sold.

Right now, it´s preparing cleaning and polishing both airlines for the sale, just like when we sell a car, we wash it and polish it before selling.

This has been the most realistic and intelligent move by Cintra.

Everyone will benefit from this, customers, government, employees and MEXICO!!!!

Hope there is no more drastic changes.

Regards JJJM


User currently offlineERJ170 From United States of America, joined Apr 2004, 6764 posts, RR: 17
Reply 19, posted (9 years 6 months 3 weeks 6 days 3 hours ago) and read 5132 times:

Latest news...

http://biz.yahoo.com/ap/050208/mexico_airlines_1.html

Looks like Aeromexico and Aerolitoral sold together..
Looks like Mexicana, a new LCC, and AeroCaribe sold together....
Looks like Ground services unit Servicios de Apoyo en Tierra will be sold independently



Aiming High and going far..
User currently offlineArcano From Chile, joined Mar 2004, 2407 posts, RR: 24
Reply 20, posted (9 years 6 months 3 weeks 6 days 1 hour ago) and read 5076 times:

Hi Mexico

If the two major airlines will be sold individually, why leave them one for domestic and the other for international?

Wouldn't be better to make the market rule and force them to finally compete properly?
Besides, what would do AM with the coming 777s in the domestic market, already served based on MD80s and 757s?

After reading the above link I don't imply that AM will remail domestic and MX international anyway.

Another question; what does the Mexican regulation say about the investors in aviation? is there any restriction for foreing capital to own a Mexican airline? Would be possible to see, let's say CO, CM, TA, LA, IB or whoever entering in Mexican market?

Saludos! )( Arcano



in order: 721,146,732,763,722,343,733,320,772,319,752,321,88,83,744,332,100,738, 333, 318, 77W, 78, 773 and 380
User currently offlineGhost77 From Mexico, joined Mar 2000, 5219 posts, RR: 51
Reply 21, posted (9 years 6 months 3 weeks 5 days 23 hours ago) and read 5017 times:

To Reply 5:

The plan was to merge MX and AM and sell them ASAP. And yes they are part of the same group called CINTRA. Both airlines are government owned, both were saved from bankruptcy and the Tequila crisis and now its time for the sale.

Here's a link with more info about MX and AM: (Spanish - as soon as CINTRA translate it on their English site I'll post the link.)

http://www.cintra.com.mx/pdfs/Estrategia_transformacion_Cintra.pdf

To Reply 6:

How big MX LCC will be? The new LCC will be named AeroCaribe, they will fly a fleet of 10 F100s along with 09 Dc9s for the moment. But In the future it's highly probable as soon as lease contracts expire, QA will get more Fokkers.

Reply 7:

Yes, AM will stay with Skyteam.

Reply 10:

AM and MX will both have domestic and international flights. Nothing to worry about.

Reply 20:

B777s are for long haul routes. AM will not quit international destinations.

In Mexico's aviation there's a limit to only a 25% of foreign investment.

Ricardo APM




Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!
User currently offlineAirlinerfreak From , joined Dec 1969, posts, RR:
Reply 22, posted (9 years 6 months 3 weeks 5 days 23 hours ago) and read 5004 times:

Money says that MX is going to be purchased by AA. This is evident as MX is planning to start service to DFW and they are now doing that codeshare. I think it would be a great buy for AA as it would allow AA priority on routes? Also it would allow for upgrades more easily and business travelers to fly to Mexico much easier. Anyone agree?

User currently offlineEddieDude From Mexico, joined Nov 2003, 7575 posts, RR: 43
Reply 23, posted (9 years 6 months 3 weeks 5 days 23 hours ago) and read 5006 times:

Hi guys, interesting developments. My biggest hope is that, after concluding the sale, the market will prove that there is room for two large carriers. In any case, I am very happy that the two brands will subsist and that the two companies will compete once the sale is completed.

Andrés, I see no reason why AM would withdraw from SkyTeam. It is a great feeder for DL and CO, as well as a great partner for AF so my opinion is that AM really needs to stay in SkyTeam.

Jay, both carriers used to be separate and privately owned until the owners/management of AM decided to buy MX and create a behemoth. The combined giant (still separate identities) failed and after bankruptcy it was only a matter of time until it was taken over by governmental agencies. Since the nineties, the government has been the majority owner of the carriers' holding company and has been trying to sell them since 2001. In addition, everybody (unions, people, etc.) would have tried to stop any attempt to merge them into a single carrier if that meant the elimination of one of the identities since both brands have a lot of tradition and history.

Arcano, there is a limit of 25% foreign investment in commercial airlines in Mexico and frankly I don't see any plans to change this (any such plans would be ill-fated in my opinion given the current composition of Congress).

I did notice that one of the articles sort of hints that Cintra intends to position MX as an international carrier while positioning AM as a domestic-focused airline. I don't think this will happen because doing so would hurt the chances of Cintra getting a fair price for the airlines. I think AM's routes to places such as CDG, MAD, SCL, GRU, JFK, IAH, MIA and LAX make it a very attractive airline to potential investors so both airlines should continue offering both domestic and international routes like they do as of today.

I sincerely wish that this is the last sudden change of plans for AM and MX, and that the shareholders of Cintra (indirectly us the taxpayers) recoup at least a portion of the huge losses that our flag carriers have sustained lately. Moreover, I wish the future has great things in store for the new, independent and separate carriers.



Next flights: MEX-GRU (AM 77E), GRU-GIG (JJ A320), SDU-CGH (G3 73H), GRU-MEX (JJ A332).
User currently offlineGhost77 From Mexico, joined Mar 2000, 5219 posts, RR: 51
Reply 24, posted (9 years 6 months 3 weeks 5 days 23 hours ago) and read 4989 times:

Eddiedude,

What CINTRA wants to explain or at least what they really mean is that they are kind of trying to explain that MX will be an international carrier due to the fact and the importance and leadership in the MEX-US, MEX-Canada and MEX-Latam market.

As for AM we all know that they are true leaders inside the country with AM strong network in MEX, MTY, HMO accompanied with a very effective and strong network in Aerolitoral. More over, I've been told AM/5D will make effective their 25 option order with Embraer in order to replace the last turboprops in the fleet, exactly 22 Saab 340s. So now everything is making perfect sense! About time!

Ricardo APM




Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!
25 Airlinerfreak : Is there a posibility that Sir Carlitos Slim will take intrest in one of these airlines than purchase it and manage it with his great abilities. What
26 EddieDude : I share your opinion Ghost, but clearly the language in the Reuters/Yahoo article is unfortunate and can be construed differently, hence my posting; a
27 Post contains links Ghost77 : News! AeroCaribe will be renamed! http://www.cronica.com.mx/nota.php?idc=166144 Proposed names: A100D por Mexicana, Clic por Mexicana or Vía por Mexi
28 Anthsaun : This is a wise move. The sale of MX and AM together was a weird idea designed to be a huge management problem for the new owner. On the other hand...
29 Post contains images JoseMEX : >Proposed names: A100D por Mexicana, Clic por Mexicana or Vía por Mexicana.
30 WGW2707 : If you think A100D sounds bad in Spanish, try it in English. DARN! Please tell me that name wasn't the work of Landor, if so, their corporate identity
31 Post contains images Latinplane : My speculations; predictions; fortune telling; card readings for the future of the Mexican airlines. Mexicana/AeroCaribe: I think that it's highly pro
32 Post contains images MIAMIx707 : Please tell me that name wasn't the work of Landor, if so, their corporate identity practise is screwed... I'm curious to hear why you said this. I'm
33 N405MX : Mmmm, funny names, but maybe none of them will get, like "aeronacional", but let´s see. Somebody ask about Carlos Slim, he has part of MX auctions, s
34 AM001 : Latinplane: I see a pretty big Mexican name who is really interested in this one. Who's interested in AM??? I heard long time ago that Olegario Vazque
35 Anxebla : So far I know, IB continues interested in investing over MX. But this CINTRA issue is always a bit difficult to understand it... it is like a "culebr
36 Post contains images SFOMEX : Airlinefreak: I don't think AA has the money to invest in MX or any other airline for that matter. Evermore, as a foreign entity they can't legally ge
37 EddieDude : I still don't understand what's so wrong with the name Aerocaribe. In my opinion it is a good name. Okay, so one could argue that the name implies it
38 Anxebla : Is grupo "Ángeles" totally mexican, Eduardo?
39 EddieDude : I believe so Andrés; their website proudly states that it is a 100% Mexican company. Grupo Empresarial Ángeles is the Vázquez family holding compan
40 N405MX : Aeronacional sounds "good", but you have to check if the public likes it, sometimes the name helps. About the name Aerocaribe, time ago Emilio Romano
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