Overview
- The carriers issued a joint statement confirming an agreement to combine while continuing to fly under their existing brands and maintain their operations.
- The transaction is subject to approval by Mexican authorities and could face opposition from competitor Aeromexico, AFP reported.
- Reuters previously reported the structure as a merger of equals with a 50–50 holding company, a detail not specified in the announcement.
- Recent U.S. decisions blocking more than a dozen Mexico–U.S. routes after disputes over Mexico City slot handling and cargo moves form a key backdrop to the deal.
- U.S. airlines carried over half of Mexico’s international passengers through October while Mexican carriers were just under 30%, highlighting the competitive imbalance.