Late last year, Delta Air Lines and Aeromexico agreed to divest up to 24 slot pairs at Mexico City’s highly congested airport as a condition of forming a joint venture in the U.S.-Mexico market. The U.S. Department of Transportation will allocate 14 of these Mexico City slot pairs to low-fare airlines this year.
Category: Mexico City, Mexico
5 Airlines Are Competing to Grow in Mexico City
Late last year, Delta Air Lines and Aeromexico agreed to divest up to 24 slot pairs at Mexico City’s highly congested airport as a condition of forming a joint venture in the U.S.-Mexico market. The U.S. Department of Transportation will allocate 14 of these Mexico City slot pairs to low-fare airlines this year.
`Shut Down Twitter’ Cry Goes Out Among Exasperated Peso Traders
There’s a strange idea circulating among Mexican currency traders. Well, more of a joke really.
Univision wins FCC waiver to allow its Mexican partner, Televisa, to increase ownership stake
The Federal Communications Commission has approved a measure that relaxes foreign ownership rules to enable Grupo Televisa of Mexico to claim a larger stake of the U.S. Spanish-language broadcasting giant Univision Communications. Univision’s chairman, Haim Saban, has been lobbying the FCC for the waiver for more than three years.
Mexico’s Minimum Wage Set to Rise Nearly 10%
Mexico’s minimum wage will rise almost 10% on Sunday, in a jolt to the system meant to stoke the poorest workers’ buying power, which has been eroded by recessions and past bouts of high inflation. But the prospect of higher earnings is doing little to dent pessimism among consumers, who head into 2017 facing rising fuel costs, higher interest rates and a weakening peso that closed 2016 near record lows against the U.S. dollar.
Delta Air Lines, Inc. and Aeromexico Join Forces
This will enable them to coordinate their efforts in the transborder market. Delta and Aeromexico are going ahead with the joint venture even though U.S. regulators are forcing them to divest up to 28 airport slot pairs in New York and Mexico City.