I belive CM
panamanian owners - Grupo Motta - does have the first option for those 49% that they sold to CO
a couple of years ago.
When looking for cash and alliances, the CM
owners studied who would be more beneficial for them and won't bother over the control of the company, CO
was the best at that time.
If Grupo Motta wants, they would buy that 49% from CO
rightaway and sell some % to other investors themselves.
After they purchased 85% of Colombia's Aerorepublica, that airline means a lot to CM
now, but isn't as much important as keeping those 49% away from potential hostile partners.
I don't see CM
looking forward to have its stock in hands of CINTRA.
Maybe they will let Aerorepublica go mexican instead?