Image credits: Patrick Tomasso
News Article

Could Mexicana de Aviación Make a Comeback?

By Jorge Ramos Zwanziger | Tue, 08/03/2021 - 09:21

Mexico’s Federal Government to grant a US$155 million loan for the creation of a new airline that will start operating on March 2022 from the Felipe Angeles International Airport, explained the National Union of Transport, Transformation, Aviation, Services and Similar Workers (SNTTTASS), to A21. The new airline is being called a “revived” Mexicana de Aviación, which was a Mexican airline that stopped operations almost eleven years ago, on August 28, 2010.

Back in March, President Andrés Manuel López Obrador had addressed the matter on his daily conference, stating: “If this project were materialized, the new airline would be essential for the development of our nation and would be a contributor to the increase in air traffic, the growing national and international connectivity that Mexico faces every day and would be beneficial for the Mexican economy,” according to REPORTUR.

President Andrés Manuel López Obrador had previously mentioned that his administration was working on reviving the airline. “It is already being done. [We are] looking for nothing more than to ensure there are no bailouts, that budget money is not [being] used because that is the money of all the people,” he said, as reported by MBN. But he is not the only one interested in its reactivation, as there are investor groups from China, Mexico, the US and the EU who want to reactivate the airline, said Fausto Guerrero, President of the Association of Retirees, Workers and Former Workers of the Mexican Aviation (AJTEAM) in a conference, according to Milenio.

Ten years ago, Mexican and foreign investors wanted to rescue Mexicana de Aviacion, but the Mexican president at the time, Felipe Calderon, blocked efforts to do so, explained Miguel Angel Yudico Colin, General Secretary of the SNTTTASS, during a celebration for the company ‘Mexicana: A Century of Mexico’s First Airline’, according to Forbes Mexico. Like Guerrero, Yudico also pointed out that, “There are Chinese investors interested in profiting from Mexicana de Aviación, as there are American, European and Mexican [investors].”

The airline is expected to bring opportunities to the local workforce. An anonymous source told A21 that “This business would not represent a possible return of Mexicana, but a job opportunity for former employees who were left adrift after the airline suspended its operations.” According to the SNTTTASS, the airline will start with three aircrafts that can hold up to 120 passengers, although routes have not been announced yet.

The data used in this article was sourced from:  
MBN, REPORTUR, Milenio, Forbes Mexico, A21
Photo by:   Patrick Tomasso, Unsplash
Jorge Ramos Zwanziger Jorge Ramos Zwanziger Junior Journalist and Industry Analyst