MAC1
Topic Author
Posts: 21
Joined: Fri Oct 22, 2004 1:47 am

Mexican Airport Group To Start LCC?

Wed Apr 13, 2005 11:36 pm

From a very reliable source (sorry can't divulge) I have been informed that Fernando Chico Pardo ("controlling" shareholder of ASUR with a total 15% holding is in discussions with the aeronautical authorities (DGAC) to obtain a concession as a low cost carrier in Mexico. DGAC initial reaction has been favorable.

ASUR's nine airports are located in the South East of Mexico with CUN being their bread and butter. ASUR is traded on the NYSE and recently the last 11% governmental ownership was successfully placed in the Mexican bourse. ASUR would pony up the seed capital, secure the necessary permits and Chico Pardo would then take care of the private equity round with some other investors. They are currently screening possible operating partners. A number of weeks ago GOL Brasil was approached to gauge their interest. Current status unknown.

I believe it would be the first (worldwide) for an airport or airport group to start an airline, let alone a low cost airline. Mexican regulations allow for a maximum 5% participation by an airport in an airline. Considering this, it seems sort of complicated to obtain the necessary permits and also structuring the start-up financing so that this rule is not breached. Does anybody have any insights on this?

This could be the start of a possible interesting trend in the aviation industry: airports (as already aircraft lessors) starting and/or becoming shareholders of an airline in order to protect their strategic interests. A positive development?
 
ghost77
Posts: 4464
Joined: Wed Mar 01, 2000 2:07 pm

RE: Mexican Airport Group To Start LCC?

Thu Apr 14, 2005 5:29 am

You know the name of this new entrance?

Here's a list of new mexican start-up's planning to start operations real soon... : A Volar (so far the only authorized), Charter AeroAcapulco, Republic Airlines, AeroTropical, Aerolíneas Mesoamericanas, and finally another who's name haven't been disclosed in asociation with TACA Group.

Ricardo APM
Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!
 
MAC1
Topic Author
Posts: 21
Joined: Fri Oct 22, 2004 1:47 am

RE: Mexican Airport Group To Start LCC?

Thu Apr 14, 2005 6:33 am

Have not heard a name yet. Not sure if this is a requirement (or at what time) for entering the permit/concession process. I can't recall a name for the Aspe project either. I believe it remains to be seen if TACA will be a partner. Apparently some discussions have been held between Aspe and the ex-director of Aerocaribe as well.

I do know for a fact that ASUR is seriously studying entering the market as a new LCC and has had multiple discussions with the authorities. As the market situation seems rather unique in Mexico we will have to wait and see if this indeed materializes.
 
ghost77
Posts: 4464
Joined: Wed Mar 01, 2000 2:07 pm

RE: Mexican Airport Group To Start LCC?

Thu Apr 14, 2005 12:54 pm

Quoting MAC1 (Reply 2):
I do know for a fact that ASUR is seriously studying entering the market as a new LCC and has had multiple discussions with the authorities. As the market situation seems rather unique in Mexico we will have to wait and see if this indeed materializes.

Well at least this are good news! It's good to see and to know there are more plans for start-up's in the country! We need more planes in our skies and more jobs for this great industry! Hopefully we see again a mexican carrier based at Cancún [like once AeroCancún, LaTur, Taesa or Allegro did] serving those exclusive and very profitable charter markets!


Ricardo APM
Ricardo Morales - flyAPM - ¡No es que maneje rapido, solo estoy volando lento!

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