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Airlines could be dissuaded from operating in Mexico as a result of the cancellation decision


AlanMexicali

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https://mexiconewsdaily.com/news/travelers-will-avoid-mexico-city/

" “Mexico City is the second most important economy in the region, it’s a key point for transfers and connections, [the cancellation of the airport] will be a serious problem. A lot of passengers connect there but now they’ll go to Miami, Houston and Dallas and they’ll avoid Mexico. Hubs like Panama and the United States will take advantage of the limitations,” Cerdá said.

He added that it was still unclear how the existing Mexico City airport, the air force base and the Toluca airport would function simultaneously to serve air travelers to the capital."

Instead, the Santa Lucía Air Force Base in México state will be converted for commercial use and the existing Mexico City airport will be upgraded.

That means that passengers could face the prospect of traveling 46 kilometers from one terminal to the other to catch a connecting flight. "

What a scew up!

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 https://news.yahoo.com/amlo-appeases-bondholders-takes-5-110000112.html

 

"AMLO Saddles Mexico With a $5 Billion Loss

 

Panama that IATA warns will result from the Mexico City cancellation, according to El Economista newspaper.

Airport Alternative

As an alternative, Lopez Obrador is pushing a plan to build two runways at a military base while upgrading the existing airport and a smaller hub in Toluca, west of Mexico City. But that plan has been deemed non-viable by the aviation research arm of Mitre Corp. because of air-safety concerns.

It’s also still unclear how the president would pay for his plan. Deputy Finance Minister Arturo Herrera said Wednesday that an initial 15 billion pesos ($745 million) will go to the Defense Ministry to start construction work at the base.

There’s no estimate yet on what the total cost will be. But BBVA Bancomer’s Cruz reckons that scrapping the old project and building the new one will carry a price tag of about $13 billion -- the same amount as the airport Lopez Obrador just axed."

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45 minutes ago, AlanMexicali said:

 https://news.yahoo.com/amlo-appeases-bondholders-takes-5-110000112.html

 

"AMLO Saddles Mexico With a $5 Billion Loss

 

Panama that IATA warns will result from the Mexico City cancellation, according to El Economista newspaper.

Airport Alternative

As an alternative, Lopez Obrador is pushing a plan to build two runways at a military base while upgrading the existing airport and a smaller hub in Toluca, west of Mexico City. But that plan has been deemed non-viable by the aviation research arm of Mitre Corp. because of air-safety concerns.

It’s also still unclear how the president would pay for his plan. Deputy Finance Minister Arturo Herrera said Wednesday that an initial 15 billion pesos ($745 million) will go to the Defense Ministry to start construction work at the base.

There’s no estimate yet on what the total cost will be. But BBVA Bancomer’s Cruz reckons that scrapping the old project and building the new one will carry a price tag of about $13 billion -- the same amount as the airport Lopez Obrador just axed."

Thehe "market/Peso" reacted positively to the settlement..so there must be some good news in the agreement?

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