AlanMexicali Posted December 14, 2018 Report Share Posted December 14, 2018 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! Link to comment Share on other sites More sharing options...
tomgates Posted December 15, 2018 Report Share Posted December 15, 2018 We don't have itineraries that connect in MEX. Link to comment Share on other sites More sharing options...
AlanMexicali Posted December 23, 2018 Author Report Share Posted December 23, 2018 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." Link to comment Share on other sites More sharing options...
lakeside7 Posted December 23, 2018 Report Share Posted December 23, 2018 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? Link to comment Share on other sites More sharing options...
Honorandfaith Posted January 3, 2019 Report Share Posted January 3, 2019 The market also reacted to raising the interest rate. Every time the peso is at 20 or more, the central bank of MX will go into the derivative markets and pledge assets, or raise rates. Bandaids. Dangerous. Link to comment Share on other sites More sharing options...
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