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
, 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
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 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.
Upcoming AM MEX-LAX 73H, VA LAX-MEL 77W.