The Sky is No Limit for U.S. and Mexico | Business News

The Sky is No Limit for U.S. and Mexico

23 Dec 2015 | Author: | No comments yet »

Mexico-US accord lifts airline restrictions.

Government transportation ministers from the U.S. and Mexico on Friday signed a liberal air treaty between the two nations after two years of negotiations, U.S. officials said, paving the way for airlines on both sides of the border to ply any route with unlimited frequencies and set their own prices.Restrictions on air transportation between Mexico and the United States were lifted today in what U.S. officials described as a “landmark agreement” which leaves airlines from both countries free to fly the routes they choose.

They described the accord as “transcendental” because they expect it will result in improved connectivity, generating more tourism and trade, while Foxx called it a great day for civil aviation for the two countries. The pact also facilitates the establishment of alliances between airlines of each country. “The new agreement will benefit U.S. and Mexican airlines, travelers, businesses, airports and localities by allowing increased market access for passenger and cargo airlines to fly between any city in Mexico and any city in the United States,” they said in a joint statement. “Cargo carriers will now have expanded opportunities to provide service to new destinations that were not available under the current, more restrictive agreement.” The deal still requires approval by the Mexican Senate, but Ruiz Esparza predicted that would come early in the new year. While some Mexican airline executives and workers have been critical of the agreement for fear of domination by the larger American aviation industry, Aeroméxico has welcomed it.

Delta Air Lines Inc., DAL -1.23 % which has had a code-sharing agreement with Grupo Aeromexico SA AEROMEX -1.81 % B since 1994, currently owns or has options for about 17% of the equity in the company, Mexico’s flag airline. The two carriers last March applied for U.S. government permission for antitrust immunity so they could operate a tight joint venture in which they would share revenue and jointly set schedules and prices. Transportation Department’s Assistant Secretary for Aviation and International Affairs, said Friday that the application is pending, with the review focused on whether it is complete.

Here you can write a commentary on the recording "The Sky is No Limit for U.S. and Mexico".

* Required fields
All the reviews are moderated.
Our partners
Follow us
Contact us
Our contacts

About this site