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Cintra to Sell Mexicana, Aeromexico Separately

IN BRIEF / AIRLINES

February 09, 2005|From Reuters

Mexican state-owned airline holding company Cintra said it had decided to sell the nation's two main carriers, Mexicana and Aeromexico, separately instead of jointly as originally planned.

Cintra said in a statement that its board Monday approved making Mexicana de Aviacion its leading international operator and combining it with a new smaller regional airline.

Aeromexico will become Cintra's main local operator and Aerolitoral, a regional airline, will make changes to become a more efficient domestic carrier.

Under the original sale plan, the two new firms would then be sold to independent investors.

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