Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
CINTRA's Price Tag- Mexicana $690 Aeromexico $600  
User currently offlineJuventus From United States of America, joined Dec 2004, 2835 posts, RR: 2
Posted (8 years 7 months 3 weeks 1 day 11 hours ago) and read 2193 times:

CINTRA expects to get about $690 million for the sale of MX and $600 for AM. According to the article, the Spanish companies Iberia and Globalia (Air Europe) seem really interested. article in spanish only..

saludos a todos

http://www.negocios.com/gaceta/articleview/38067/%3E%3Cspan%20class=

15 replies: All unread, jump to last
 
User currently offlineCun757 From Mexico, joined May 2004, 202 posts, RR: 0
Reply 1, posted (8 years 7 months 3 weeks 1 day 10 hours ago) and read 2156 times:

How much % of the companies CINTRA are selling...?


757 forever
User currently offlineEddieDude From Mexico, joined Nov 2003, 7523 posts, RR: 43
Reply 2, posted (8 years 7 months 3 weeks 1 day 8 hours ago) and read 2093 times:

CINTRA will sell, in each case, at least 51 percent, if I am not mistaken. The government would like to retain a minority participation in each carrier and will likely negotiate registration rights and put options in order to have the chance to get rid of said minority participation in the future. The registration rights are so that CINTRA can sell the shares in the open market (i.e., the stock exchange) at any given time there is a window of opportunity. The put option will force each new owner to buy more shares of AM or MX, as the case may be, from CINTRA, and will guarantee to CINTRA a minimum sale price for its minority interests if it believes down the road that keeping them is not a good business proposition.

By the way, BBVA Bancomer sold its CINTRA shares through a series of operations in the stock exchange and recouped some of its money. Cynics thought this meant that BBVA Bancomer did not trust that the sale would happen (or that an adequate price would be obtained), however, since the price of CINTRA's shares has continued to increase, there is confidence that the divestiture will be a success. Let's see if the other banks (Citigroup's Banamex, Santander-Serfin and another one I can't remember keep their CINTRA shares or sell them like BBVA Bancomer did).



Next flights: MEX-GRU (AM 77E), GRU-GIG (JJ A320), SDU-CGH (G3 73H), GRU-MEX (JJ A332).
User currently offlineJuventus From United States of America, joined Dec 2004, 2835 posts, RR: 2
Reply 3, posted (8 years 7 months 3 weeks 1 day 6 hours ago) and read 2049 times:

If you ask me, I would say that its beginning to look more and more like Iberia is going to get a piece of Mexicana. Who gets AM its a little bit more uncertain..

User currently offlineEddieDude From Mexico, joined Nov 2003, 7523 posts, RR: 43
Reply 4, posted (8 years 7 months 3 weeks 19 hours ago) and read 1956 times:

The due diligence process has begun or will begin shortly, and the interested parties (especially the foreign ones) are forming now the consortiums that will make the bids; said consortiums are expected to be ready next month. Since IB needs to team up with one or more Mexican investors, I would not be surprised to see one or more Mexican investors who showed interested in MX team up with IB. As for AM, the same could be said with respect to UX' parent Globalia. Globalia is interested in AM, and it is probably getting together now with a number of Mexican investors in order to make a bid for the carrier soon.

Just for the record, a third airline company has shown interest, and it is a European one (in theory it is not LH). Its identity, however, remains undisclosed.



Next flights: MEX-GRU (AM 77E), GRU-GIG (JJ A320), SDU-CGH (G3 73H), GRU-MEX (JJ A332).
User currently offlineJuventus From United States of America, joined Dec 2004, 2835 posts, RR: 2
Reply 5, posted (8 years 7 months 3 weeks 16 hours ago) and read 1887 times:

Hey Eddie, how are you doing...

I find it intriguing that they expect more money out of MX than AM. One on one, MX could be more valuable, but AM comes with Aerolitoral, and Aerolitoral is far larger than CLICK.


User currently offlinePRAirbus From Puerto Rico, joined Apr 2005, 1105 posts, RR: 1
Reply 6, posted (8 years 7 months 3 weeks 16 hours ago) and read 1883 times:

IB buying MX? AA is standing-by. If IB gets its hands on MX...Mexicana will definitely join oneworld once the dust is settled. According to AA Management that is very likely.

User currently offlineAdriaticus From Mexico, joined May 2004, 1117 posts, RR: 19
Reply 7, posted (8 years 7 months 3 weeks 16 hours ago) and read 1881 times:

Quoting EddieDude (Reply 4):
Just for the record, a third airline company has shown interest, and it is a European one (in theory it is not LH). Its identity, however, remains undisclosed.

In airline lawyers' circles, an ongoing chat is about AF showing interest for AM.

This sounds reasonable given the fact they are both primary members of SkyTeam, they codeshare in a number of flights, and share GSE's and other equipments and teams in several destinations.

From my personal point of view, after having had a chance of flying in Y and J classes on both, one flight after another, I believe their philosophy of service (both corporate and in the face of the customer) are pretty similar, and their respective qualities, reasonably similar too. Fact is, AM's J-class product is a lot closer to AF's, than, let's say, those of DL, NW or CO.

__ad.



A300/18/19/20/21 B721/2 B732/3/G/8 B741/2/4 B752 B762/3/4 B772/3 DC8/9/10 MD11 TU134/154 IL62/86 An24 SA340/2000 E45/90
User currently offlineGhost77 From Mexico, joined Mar 2000, 5197 posts, RR: 51
Reply 8, posted (8 years 7 months 3 weeks 15 hours ago) and read 1834 times:

Quoting Juventus (Reply 5):
One on one, MX could be more valuable, but AM comes with Aerolitoral, and Aerolitoral is far larger than CLICK.

Yeah, but there's not much difference. 5D last year flew 1M vs 845K pax from QA. Only a difference of 155,000 pax! Add two more aircraft to QA and they will pass 5D.

Ricardo APM



Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!
User currently offlineCommavia From United States of America, joined Apr 2005, 11116 posts, RR: 62
Reply 9, posted (8 years 7 months 3 weeks 14 hours ago) and read 1804 times:

Quoting EddieDude (Reply 4):
Since IB needs to team up with one or more Mexican investors, I would not be surprised to see one or more Mexican investors who showed interested in MX team up with IB.

Yep -- IMO, IB really wants into MX, for obvious reasons, and I think the Latin American "quadruple threat" (AA-MX-IB-LA) would be a knock-out for the region and for oneworld.

Quoting PRAirbus (Reply 6):
IB buying MX? AA is standing-by. If IB gets its hands on MX...Mexicana will definitely join oneworld once the dust is settled. According to AA Management that is very likely.

Agreed. AA (and IB) is counting the moments until MX joins oneworld.


User currently offlineAisak From Spain, joined Aug 2005, 760 posts, RR: 10
Reply 10, posted (8 years 7 months 3 weeks 10 hours ago) and read 1741 times:

Quoting Commavia (Reply 9):
Yep -- IMO, IB really wants into MX, for obvious reasons, and I think the Latin American "quadruple threat" (AA-MX-IB-LA) would be a knock-out for the region and for oneworld.

Do you think IB will set a hub in Mexico like the former MIA base? Or will continue with non-stop extra-long-haul flights?


User currently offlineN405MX From Mexico, joined May 2004, 1378 posts, RR: 10
Reply 11, posted (8 years 7 months 3 weeks 8 hours ago) and read 1700 times:

Quoting Ghost77 (Reply 8):
Add two more aircraft to QA and they will pass 5D.

It seems that tomorrow will be the last day´s of the QA´s DC9´s.

Quoting Juventus (Reply 5):
One on one, MX could be more valuable, but AM comes with Aerolitoral, and Aerolitoral is far larger than CLICK.

But it seems that MX/QA are making more money than AM/5D, maybe that´s why the difference in the price tag.

Cheers.



Life is what happens when you have other plans.....
User currently offlineJuventus From United States of America, joined Dec 2004, 2835 posts, RR: 2
Reply 12, posted (8 years 7 months 3 weeks 7 hours ago) and read 1680 times:

This could be really good or really bad for MX and AM, depends on what they decide to do with them. For all we know, whoever gets Aeromexico could order a few more 777s, and a bunch of ERJs for Aerolitoal, you never know. I don't think a foreign airline will buy one of this two airlines, and tear them up. The Mexican investors simply will never allow that. (I hope I'm right)

User currently offlineIB787 From Spain, joined Jun 2005, 126 posts, RR: 0
Reply 13, posted (8 years 7 months 2 weeks 6 days 23 hours ago) and read 1634 times:

Quoting Aisak (Reply 10):

Do you think IB will set a hub in Mexico like the former MIA base? Or will continue with non-stop extra-long-haul flights?

If IB buys MX I just see MX flying to MAD and may be some extra IB flights MAD-MEX (service may be upgraded to 2 daily). I don't really see a hub like Miami base.


User currently offlineN405MX From Mexico, joined May 2004, 1378 posts, RR: 10
Reply 14, posted (8 years 7 months 2 weeks 6 days 19 hours ago) and read 1598 times:

Quoting IB787 (Reply 13):
If IB buys MX I just see MX flying to MAD and may be some extra IB flights MAD-MEX (service may be upgraded to 2 daily).

Maybe MEX-BCN instead, because looks like MAD is getting crowded.

Saludos



Life is what happens when you have other plans.....
User currently offlineIB787 From Spain, joined Jun 2005, 126 posts, RR: 0
Reply 15, posted (8 years 7 months 2 weeks 6 days 19 hours ago) and read 1608 times:

I don't see IB flying long-haul from BCN. IB would prefer to optimize MAD's hub now that they will have plenty of space in MAD's new T4.

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...
The Illustrated Mexicana Vs Aeromexico Thread posted Mon Jan 9 2006 08:06:00 by KLM685
Mexicana And AeroMexico Pilots Very Well Paid posted Fri Jun 24 2005 15:29:22 by Juventus
Iberia Wants To Purchase Mexicana Or Aeromexico posted Wed May 11 2005 00:36:29 by Luisde8cd
Mexicana And Aeromexico Future posted Sun Mar 20 2005 07:32:50 by Flydc10
Mexicana And Aeromexico posted Tue Mar 1 2005 07:19:21 by Musapapaya
Price Tag For An A380? posted Wed Jan 12 2005 02:58:06 by Vez
Mexicana And AeroMexico Flying Together posted Wed Jun 2 2004 23:54:45 by Jopavon
Mexicana And Aeromexico Discountinued Routes posted Sat Feb 21 2004 06:34:30 by DFWMEX
Mexicana Or Aeromexico? posted Sun Nov 24 2002 14:58:19 by ContinentalEWR
Mexicana Or Aeromexico posted Thu Aug 1 2002 04:01:58 by Taber00