Brazil’s low-fare airline Gol on Tuesday said it plans to establish a partnership with Mexico’s Inversiones y Tecnicas Aeroportuarias SA, to launch a low-cost airline in that country.
The new airline could begin flying in the first quarter of 2006, Gol Linhas Aereas Inteligentes SA said in a statement. The two partners plan to draw up a shareholders agreement in the next few months, and will then seek licenses from Mexican authorities, Gol said.
“Through our Mexican partnership we are planning to introduce a low-cost company in Mexico, to contribute with the development of local industry,” Gol’s president, Constantino de Oliveira Junior, said in the statement.
More: businessweek.com
Iberia Lineas Aereas de Espana SA said it has no comment regarding conflicting press reports on whether it has presented a bid in the privatisation of Mexico's two main airlines, Mexicana and Aeromexico.
An Iberia spokeswoman said: 'I can't say whether we've presented an offer or not', while noting that 'Iberia wants to defend its leadership in Latin America and is willing to invest.'
Yesterday, Mexican state holding company Cintra said 21 bids had been submitted, ten for Aeromexico and 11 for Mexicana, though binding offers are not due until November.
According to La Gaceta de los Negocios, Iberia
Frontier Continues March Through Mexico With Launch of Acapulco and Cozumel Service
Post-Hurricane Wilma, Cozumel is 'Open for Business'; Frontier is First and Only Airline to Offer Non-Stop Service From Denver
The past weekend was busy for Denver-based Frontier Airlines (Nasdaq: FRNT - News) as the airline launched its latest two Mexican resort destinations -- Cozumel and Acapulco on Dec. 17 and Dec. 18 respectively. The two cities are Frontier's sixth and seventh destinations in Mexico, complementing its existing non-stop Denver service to Cancun, Mazatlan, Cabo San Lucas, Puerto Vallarta and Ixtapa/Zihuatanejo. Both Cozumel and Acapulco will utilize Frontier's new 132
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
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
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
Google opens offices in Brazil, Mexico
Search engine Google Inc. on Thursday said that it has opened offices in Sao Paulo, Brazil, and Mexico City, as it looks to accelerate growth in Latin America.
The offices will be charged with boosting use of Google Web sites and increasing advertising sales in the region for the Mountain View, California-based Internet company.
The Mexico operation is led by Gonzalo Alonso, formerly sales director for the T1MSN Internet service. Google's operation in Brazil is managed by Alexandre Hohagen, who was previously Brazil general manager for HBO.
Source: today.reuters.com
Mexico, United States Sign New Aviation Agreement
More airlines now can fly between U.S. cities and 14 Mexican destinations
The United States and Mexico have signed a new aviation accord that increases the number of airlines that can fly between U.S. cities and 14 destinations in Mexico.
The U.S. Department of Transportation said in a December 12 statement that the agreement, signed that day in Mexico City, increases from two to three the number of airlines that passengers in each country can select from when flying between the United States and the 14 Mexican cities, which include all of Mexico's major tourist destinations.
The
Brazil, Mexico Stocks End Down
Mexico and Brazil stocks slid Wednesday, pulled down by weakness in U.S. equities.
Traders said a late-session dip in the Dow Jones industrial average prompted some selling in Latin American markets.
The Dow lost 1.20 points, or 0.01 percent, to 11,102.51 after rising a total of 230 points the first two days this week.
Brazils benchmark Ibovespa stocks index ended 0.24 percent lower at 36,681 points in thin volume.
More : chron.com
Ziff Davis Launches Foreign Editions in Brazil, Russia and Mexico
Ziff Davis announced today that it has joined forces with several leading international media partners, Editorial Televisa, Conrad Editora and (game) Land, to launch three new foreign editions of PC Magazine and Sync. These new foreign editions, which will provide product reviews, expert advice and entertaining features, to serve the demands of IT professionals and consumers in the world's fastest growing and emerging technology markets.
Conrad Editora, one of Brazil's leading media companies, will publish PC Magazine Brasil, beginning in August 2005. Following the market-leading formula of PC Magazine, PC Magazine Brasil
Google Opens Offices in Mexico and Brazil
Brad Hill from the theunofficialgoogleweblog posts that Google has recently opened offices in Mexico City and Sao Paulo, Brazil. In July, we posted that Google had acquired San Paulo-based, Akwan Information Technologies and planned to open a research and development center there. Btw, the theunofficialgoogleweblog post also points out that Google is now trading at over $400/share. As I post this item, it's trading at $403.84, an all-time high.
More: blog.searchenginewatch.com
