A decline in performance at AICM threatens the alliance between Aeromexico and Delta – El Financiero
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The decline in operations at Mexico City International Airport (AICM) has called into question the terms under which the United States Department of Transportation approved the merger between Delta Airlines and Aeromexico, including an operating agreement with shared codes, among other terms.
In a document issued this Friday, the DOT suggests that aviation conditions in Mexico could lead to a merger between the two airlines. violates antitrust principles Established in US law and within the framework of the Mexico-United States-Canada Treaty (T-MEC).
“We call upon all interested parties to show cause why we should not issue an order finalizing the decision,” says the document held by the Financial And on which Carol A. (Annie) Patsonk, DOT Assistant Secretary for Aviation and International Affairs.
Further, the US authorities indicated that Dismissing provisionally and without prejudice the request for approval and antitrust immunity for the renewal of the merger agreement between Delta Airlines (including affiliates) and Aerovías de México SA de CV (including affiliates).
The DOT’s tentative decision is based on the same concepts that were supposed to break the tie-up between Allegiant and Viva Aerobus, which has not been resolved due to increased schedule reductions at AICM.
AICM is saddled with debt due to NAIM cancellation
decision of Cancel Texcoco’s New Mexico International Airport (NAIM). Results for Mexico City International Airport (AICM) haven’t stopped coming which pays interest on bad debts.
This, despite the fact that the government did another buyback of the papers, an operation that was insufficient to reduce the finances of the country’s major airport. It still retains a burden of $3.7 billion.
Federal Govt The buyback is estimated to be up to $993 million In the papers of the Mexico City Airport Trust (MEXCAT), a 6 billion dollar financial instrument issued by Enrique Peña Nieto’s government to finance NAIM.
However, the current administration It was only able to repurchase $480 millionwho collected the debt with papers still maturing at the “Benito Juárez” airport. It will take 23 years to be covered by AICM.
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