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SALE OF AEROMEXICO UNDER WAY WITH TWO VIABLE BIDDERS; THIRD BIDDER POSSIBLE.

Publication: SourceMex Economic News & Analysis on Mexico
Publication Date: 26-SEP-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The government has received two viable offers from private groups to acquire a majority share in Aeromexico and is pondering possibly allowing a third bidder into the process. The two groups that have stepped forward to acquire the airline are Grupo Saba and a consortium led by Grupo Financiero Banamex and Grupo Modelo. Aeromexico, Mexico's largest airline, is one of two units that comprised Corporacion Internacional de Transporte Aereo (CINTRA), which the government rescued in the mid-1990s (see SourceMex, 1995-01-18). The other airline was Mexicana, which the government sold to Grupo Posadas in 2005 (see...

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