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Weekly Roundups

Aeroméxico’s Shareholders Back Stock Exchange Exit

By Antonio Gozain | Wed, 06/29/2022 - 12:52

Aeroméxico announced that a majority of its shareholders approved a proposal to exit the Mexican Stock Exchange (BMV) as part of the airline’s bankruptcy restructuring.

Shareholders on Monday approved a plan to cancel the registration of shares and their listing on BMV to initiate a buy-back program, reported Reuters. Recently, Aeroméxico emerged after a 21-month financial restructuring process “and we cannot feel prouder of how stronger and more efficient we have become,” Giancarlo Mulinelli, Vice President of Global Sales, Aeroméxico, told MBN.

 

Buckle up! This is the Week in Aerospace!

 

Puebla Airport’s Cargo Center Will Open in 2023: Governor

Miguel Barbosa Huerta, Governor of Puebla, said that Puebla International Airport Hermanos Serdán’s new logistics hub is expected to open in 2023. The project aims to consolidate the airport as a key cargo transportation hub for Mexico’s southeastern region. The airport, located in Huejotzingo, 15 minutes away from the capital city, has enough space to handle merchandise, he added.

Mexican Aviation Sector is the Best Prepared: HR Ratings

The Mexican aviation industry suffered a powerful blow due to COVID-19 quarantines. In total, passenger traffic had a total drop of 95 percent year over year (YoY) in 2020. According to the HR Ratings, while globally the sector recovered in 2021, it is estimated that the number of passengers in that year was only 50 percent of the 4.3 billion it saw in 2019.

In 2021, passenger traffic in Mexico was 80.3 million, representing a recovery of 65.9 percent against 2020 but it was 21.6 percent lower than the 102.3 million of 2019.

The Aerospace Sector Will Fully recover by 2024: FEMIA

“The aerospace sector will start recovering by the end of 2022. We expect to see double-digit growth by 2023 and reach 2019’s production levels by 2024. We estimate that the sector grew about 7 percent in 2021, in comparison to 2020, and expect to be back at double digits close to 16 percent growth in 2022,” said to MBN René Espinosa, President, FEMIA.

Read the full interview here.

Viva Air to Explore New Destinations in Mexico

One year after starting Colombia-Mexico operations, Viva Air continues exploring new destinations in Mexico. By the end of 2022, the Colombian carrier will announce new routes.

“The Mexico-Colombia market is the second-largest for both countries. Last year, we started flying to Mexico City and Cancun from Bogota and Medellin with overwhelmingly positive results,” said to MBN Félix Antelo, President and CEO, Viva Air Group.

Delta Pilots to Protest for Better Pay, Improved Workload

Hundreds of Delta Air Lines pilots have warned of plans to protest on June 30, 2022, demanding better pay and working conditions, reported several US media outlets. The date is close to July 4, a busy national holiday in the US.

The data used in this article was sourced from:  
MBN, Reuters, A21
Photo by:   Unsplash
Antonio Gozain Antonio Gozain Journalist and Industry Analyst