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Aeromexico likely to launch IPO before Easter-2011

31-Mar-2011 12:37 PM

Aeromexico announced it is likely to launch an IPO before Easter-2011 (Reuters/, 30-Mar-2011). Aeromexico is currently the only large Mexican carrier in the skies after competitor Mexicana ceased operations in Aug-2010 under heavy debt and labour conflicts. The IPO will be available only in Mexico and is part of a two-year USD1.3 billion capitalisation plan. The carrier also announced plans to add new aircraft to its fleet and launch new domestic and international routes as part of its USD500 million investment programme. In 2010, Aeromexico and Aeromexico Connect increased its market share by 12% to cover 45% of the Mexican market.