Aeroméxico Returns to London; Receives Offer for Shares
Aeroméxico had a busy week, with the announcement of flights returning to London and the publication of an official public offer notice. On the manufacturing side, the industry still battles with the hurdles brought by the COVID-19 pandemic.
Ready? This is the Week in Aerospace!
Growth in the Mexican Aerospace Industry
“While we have not seen many new companies coming to Mexico, existing businesses are expanding. Aerospace and other industries faced several problems during the pandemic because we did not receive support from the Mexican government, unlike businesses in other countries, which led to struggles and loss of competitive advantages against our competitors,” said Jacobo Mesta, CEO, Soisa Aircraft Interiors. Mesta explained that global supply chains have been severely affected, with companies’ sales falling to 50 percent or even lower of what they use to invoice before the pandemic. “Cash flows have been limited, costs have skyrocketed and clients do not want to accept an increase in costs.”
Aeroméxico Announces Return to London
Aeroméxico will resume flight operations from Mexico to London on April 1, 2022. The airline will use its Boeing 787 Dreamliner with a 9,000 monthly seat capacity. “We are delighted to once again welcome Aeroméxico to Heathrow. Now our passengers will be able to revisit the incredible destinations that Mexico has to offer. With the easing of travel restrictions and the resumption of five weekly flights that the airline will offer to Mexico City, passengers now have more options and companies can re-develop stronger trade links with one of the world's largest emerging markets. Almost half of the trade between the UK and Mexico, representing £1,500 million, passed to through Heathrow in 2019. The return of Aeroméxico is a great platform to start rebuilding that success,” said Ross Baker, Commercial Director, Heathrow Airport.
Third Party Presents Public Offer Notice for Aeroméxico Shares
Alinfra, S.C. published an Public Offer Notice for the Voluntary Acquisition of Aeroméxico shares in compliance with what was authorized on Feb. 11, 2022 by the National Banking and Securities Comission (CNBV) through an official release. The bidder offers to acquire from the current Aeroméxico shareholders , under the terms and conditions mentioned in the public notice, up to 682,119,793 shares currently in circulation.