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 has formally presented a bid for the two carriers, while El Mundo said that Iberia withdrew its bid due to restrictions of a 25 pct ceiling ownership on either airline.
Separately, the Iberia spokeswoman also declined to comment on a declaration by the Sepla-Iberia pilots union head Bernardo Obrador in an interview in La Gaceta, that Iberia pilots will go on strike this autumn if current conditions do not change.
More: forbes.com
UPDATE 1-Mexico's Cintra stock plunges on Iberia reports
Shares of Mexican airline holding firm Cintra (CINTRAA.MX: Quote, Profile, Research) plunged on Wednesday on a report that Spain's Iberia had pulled out from a bidding process to buy one of its two airlines.
Cintra and Iberia could not be immediately reached for comment.
Cintra shares -- which had risen 24 percent since May, when the company disclosed plans to privatize its two main assets -- fell nearly 10 percent to 6.65 pesos in morning dealings.
Losses this week have sent its stock price 0.12 percent lower year-to-date.
Mexico's El Financiero daily quoted Cintra's president Andres Conesa
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
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
Several airlines have regular direct flights from Europe to Mexico City. Air France and AeroMexico from Paris; Iberia and AeroMe'xico from Madrid; KLM from Amsterdam; British Airways from London; Lufthansa and Delta from Frankfurt (LTU and Condor charter flights from Germany to Mexico City or Cancun); City Bird from Brussels. Aeroflot fly to Mexico City from Moscow via Shannon on Wednesday. Most connecting flights in Europe are through Madrid or Gatwick. Fares vary from airline to airline and according to time of year. Check with an agency for the best deal for when you wish to travel.
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
Airbus Wins $600 Million Order From Mexico's Interjet (Update1)
Airbus SAS, the world's largest aircraft maker, won an order from Mexico's Interjet for 10 A320s, worth $600 million based on list prices.
Interjet, a new low-cost airline owned by Mexico's ABC Aerolineas de CV, first signed a commitment for 10 A320s and took options for another 10 planes at the Paris air show in June, Airbus said in a press release on its Web site. Each plane has a list price of $60 million. Interjet officials were not available for comment this morning, said Lucia Sanchez, who answered the phone
Evidence recovered in Mexico killings: reports
Investigators in Mexico recovered evidence from the body of an Ontario woman who was brutally slain along with her husband at a luxury resort, media reports say.
The Toronto Sun is reporting that investigators lifted traces of hair from Nancy Ianiero's hand before her body was returned to Canada.
Ianiero, 55, and her husband Dominic, 59, had their throats slashed last month at a five-star resort on the Mayan Riviera, where they had gone to attend their daughter's wedding.
The hair sample is being analyzed by a laboratory in Mexico City and is believed to belong to the
Mexico has nothing to say about wall
The article ("The other side of the fence," Dec.21, Page A-1) about Mexico's reaction to a proposed bill to tighten border security was very enlightening. I was dumbfounded by Mexican Foreign Secretary Luis Ernesto Derbez's comment that "Mexico is not going to bear, it is not going to permit and it will not allow" the wall. Since when does one country dictate what another can do to secure its borders?
A comment by Fernando Robeldo ( "U.S. wall proposal agitates Mexicans," Dec. 21, Page A-18) sums up the problematic thinking of those coming into the
