Daniel A. Tanner - Apr 15, 2013
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Major airlines of Mexico are jointly to invest about $20 billion in the next five years to purchase up to 250 new aircraft, which represents the most important aviation industry investment registered in the country in recent years.

"Never in history had an investment of this magnitude been announced, nor in such a short time, and with the commitment that airlines are showing," said Guillermo Heredia, chief executive of the National Airborne (Canaero).

Aeromexico reported last year it would invest about $11 billion in one hundred Boeing aircrafts in the coming years; Interjet committed to purchase 40 Sukhoi Airbus (Russian) for about $3.2 million.

Heredia considered that the economic conditions the country observes, and the certainty that the new federal administration promotes, motivate businesses men to invest.

He said that airlines will also expand connectivity and open new destinations in the South East which will encourage the emergence of new regional operators that will perform short flights with airplanes for 50 passengers.

The manager said that the federal government will announce in the next two weeks the re-ordering of slots, take-off and landing hours at the International Airport of Mexico City (AICM), which will start the implementation of an aviation policy for the current administration.

Also, it was expressed that the Canaero rendered an opinion to the federal government for the reorganization; the parties agreed that the changes will begin later this year. It will also analyze the situation of temporarily assigned slots.

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