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THIS JUST IN: Mexicana CEO quits and goes to ... Aeromexico! THIS JUST IN: Mexicana CEO quits and goes to ... Aeromexico!
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The Caribbean and Latin America Aviation has been around South America and the Caribbean since the early days. A forum for aviators from that part of the world.


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Old 23rd March 2004, 22:39   #1 (permalink)
Squawk7777
 
Join Date: Aug 2000
Location: the Alamo battleground
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Post THIS JUST IN: Mexicana CEO quits and goes to ... Aeromexico!
I got this from a friend in Mexico. Now people think that Aeromexico and Mexicana will merge. More to come ...

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Old 24th March 2004, 11:16   #2 (permalink)
Panama Jack
 
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Weren't they all but merged already?

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Old 27th March 2004, 01:28   #3 (permalink)
Squawk7777
 
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Well P.J. not quite!

There is a law in Mexico that prohibit banks from owning airlines and other "essential" companies. Therefore grupo CINTRA was created. What they exactly are I am not sure; they just seem to be a holding company. When Fox took over the presidency he planned to privatize the national airlines. Since the first day I was introduced to Mexican airlines politics there were hundreds of rumors of possible mergers, bankrupcies, AMX stealing routes from MXA etc. Thinking logically now (possible ? ) this could be a sign that MXA has been sold. If they merge which I highly doubt then there will be way too many planes for one company. Oddly enough, MXA has not reported their numbers for 2003 on Air Transport World

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