Globalia teams up with Mexico’s Grupo Angeles for local airlines bid
Spain’s Globalia Corporacion Empresarial has teamed up with Mexico’s Grupo Angeles to place a bid for two local airlines, Saturday’s La Gaceta de los Negocios reported, citing unnamed sources close to negotiations.
Grupo Angeles, a real estate company, will hold 75 pct of the consortium while Globalia will hold the remaining 25 pct, the newspaper said.
The two airlines on the block are state-owned Mexicana de Aviacion and Aeromexico.
Source: forbes.com
Globalia names partner in Mexico airline bid
Spanish tour group Globalia has joined with privately-owned Mexican firm Grupo Angeles to bid in the privatisation of two of Mexico's major airlines, Globalia Chairman Juan Jose Hidalgo said on Saturday.
Mexican holding company Cintra (CINTRAA.MX: Quote, Profile, Research) has said both Aeromexico and Mexicana, which account for around 80 percent of Mexican aviation, will be controlled by Mexican investors, and any foreign investor must join a Mexican-led consortium.
A Globalia spokeswoman said earlier in the week the unlisted owner of Air Europa had joined with a Mexican partner, but would not name the firm. She
Airlines flock to Mexico
Lured by a growing tourist trade and hopes of generous profits, U.S. airlines are taking a new look at an old destination — Mexico.
Full-fare operators including Delta Air Lines Inc. and Alaska Airlines, as well as discounters such as Frontier Airlines and JetBlue, are thirsting for more flights to cities and towns south of the border. The destinations include resorts and business centers, and much of the service will originate from Southern California — particularly Los Angeles International Airport.
Mexico has long been a popular market for both U.S. and Mexican carriers. The nation is by far
From the USA to Mexico City with a variety of airlines including American Airlines, AeroMexico, Delta, Continental, United, Northwest, Taesa and Americawest. Flights leave from Atlanta, Austin, Boston, Chicago, Dallas, Denver, Detroit, Houston, Laredo, Las Vegas, Los Angeles, McAllen, Miami, Oakland, Ontario(CA), Orlando, Philadelphia, Phoenix, Portland, Salt Lake City, San Antonio (TX), San Diego, San Francisco, San Jose (CA) and Washington DC. From Canada, Japan Airlines fly from Vancouver, Canadian Airlines and Mexicana fly from Toronto and Meximna flies from Montreal.
A space at the table For Mexico's sake, right teams need to win InterLiga
For nearly a decade, Mexican clubs have been competing against South America's elite for true international glory. Now, eight clubs are doing battle in the InterLiga for the right to represent the Mexican league in the illustrious Copa Libertadores.
Two teams will join the already-qualified Pumas in South America's own champions league. Across Texas and California, six teams will be ousted before their Libertadores dreams even began. Any of Morelia, Monterrey, Pachuca, Veracruz, Guadalajara, Necaxa, Cruz Azul and Tigres could wind up playing Corinthians, Vélez Sarsfield or any
Mexico's air competition taking off
Mexico's domestic airfares, often more expensive than international flights, may plunge as much as 50 percent after new discount carriers begin flying and the government sells two airlines to private investors.
Mexican billionaires Carlos Slim and Emilio Azcarraga unveiled plans last week for a low-fare domestic startup, bringing to four the number of such airlines the Transportation Ministry says will offer service by early next year. The government also completed its bidding process for the nation's two state airlines, Aeromexico and Mexicana.
"Our main objective is to make air travel affordable for the portion of the population that
Grupo Mexico, Axtel, Gol, Tractebel: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Mexico (GMEXICOB MM): Mexico's antitrust agency may block Grupo Carso SA, the Mexican industrial group controlled by billionaire Carlos Slim, from selling its railroad to copper producer Grupo Mexico SA, said Eduardo Perez Motta, president of Mexico's Federal Competition Commission yesterday. Grupo Mexico, which operates the Mexican railroad Ferromex, announced on Nov. 25 it agreed to buy Ferrosur SA in exchange
Delta Adds Nonstop Flights From LAX To Mexico, Central America
Delta Air Lines announced Monday that it will add nonstop flights from Los Angeles International Airport to 11 destinations in Mexico and Central America later this winter.
The new routes are part of the airlines effort to accommodate Hispanic customers, officials said.
Los Angeles is at the heart of Hispanic culture in the United States and we are pleased to expand our service to meet the needs of our customers in this growing West Coast market, said Glen Hauenstein, an executive vice president with Delta.
Beginning in December, Delta Air Lines
Mexicos GCC has 7-yr, $250 mln syndicated loan
Mexican cement maker Grupo Cementos Chihuahua (GCC.MX: Quote, Profile, Research) said on Wednesday it obtained a seven-year syndicated loan worth $250 million that it will use to refinance other credits and fund its U.S. expansion.
A group of eight local and international banks granted the credit to the cement maker.
Cementos Chihuahua said it would use the proceeds to refinance bridge loans obtained on May 1, 2006 and used to buy The Hardesty Company Inc. and Alliance Transportation, known as Mid-Continent Concrete Co. (Midco).
Another part of the proceeds will be put toward the
Cintra, Grupo Mexico, Renner, Petrobras: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Cintra SA (CINTRAA MM): Shares of Mexico's Cintra SA, the state-owned airline holding company, have plunged 21.6 percent after it said Nov. 22 two groups submitted bids to buy Aeromexico and Mexicana, the country's two biggest airlines. The shares fell 8 centavos, or 1.6 percent, to 5.05 pesos.
Grupo Mexico (GMEXICOB MM): Copper prices rose in New York yesterday, resuming a yearlong
Fugitives from Mexico hide in the bustle of Los Angeles
The killers cross the U.S.-Mexico border, assume new identities, get jobs, blend in among Spanish speakers and sometimes enjoy freedom for years.
But these fugitives from the law aren't border-jumpers heading south. As the recent arrest of one of Mexico's most notorious fugitives at a modest home outside Los Angeles showed, some criminals escape justice by heading north.
In the last 10 months, federal immigration officials have helped locate 13 Mexican murder suspects, along with hundreds of other criminals, hiding in plain sight in the Los Angeles area.
Alfredo RÃos Galeana,
