The Aeromexico-Mexicana merger back on the table
Written by thomas · Filed Under CommercialMarch 12, 2009
The Mexican SCT (Secretary of Communications and Transportation) has recommended that the two legacy carriers need to look for mechanisms to survive the global crisis – including the possibility of a merger. According to separate statements by Aeromexico’s CEO Andres Conesa, and Manuel Boja Chico CEO of Mexicana, they confirmed both airlines are looking at the possibility of a merger or some kind of alliance which will reduce both airlines’ operating and financial costs. Obviously the CFC (The Federal Commission on Competition) – which denied Mexicana’s attempt to acquire Aeromexico – is more likely to approve the merger according to sources in Mexico.
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