Quite frankly I don't know what to make of the article. For starters, the less than U.S.$250 million price that the Congressmen contemplated while drafting the 2005 Ley de Ingresos seems very low to me.
On the other hand, the reference to AA
is simply a newspaper's quote of the statements made by a Congressman and doesn't seem to be supported by any other type of evidence.
While I think that there is a strong possibility that the IPAB-owned airlines will be sold in 2005 (for a number of reasons: this administration's last chance, new leadership in the competition watchdog, supposedly profitable results of CINTRA in 2005, etc.), I don't think an agreement has been reached just yet. And we must not forget that foreign investment is limited to 25% of the voting capital stock of Mexican carriers, so whichever foreign carrier participates in the acquisition will definitely not be the controlling shareholder.
One last thing: AA
may not be under court protection, but it is not doing well financially, so I don't see AA
venturing in an acquisition at this point. A European carrier might be in a better position to make an investment in AM
given the current state of the global airline industry.
I suggest to change the name of this thread, since the way it is written is very misleading.
Next flights: MEX-LAX AM 738, LAX-PVG DL 77L, SHA-PEK CA 789, PEK-PVG CA A332, PVG-ORD MU 77W, ORD-MEX AM 738