A group of private investors has purchased 20 percent of Aeroméxico, purchasing the shares from Banamex, a leading bank which, in turn, is owned by Citibank. Eduardo Tricio Haro, largest individual investor of the new group, will become CEO (chief executive officer) of the carrier. Trecio Haro heads Lala, the biggest dairy company in Mexico. Aeroméxico is by far the country’s largest airline, especially since its major competitor, Mexicana, was grounded by financial difficulties more than two years ago. Nonetheless, Aeroméxico has been losing market share to new, low-fare airlines such as Volaris and Interjet.
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Jimm Budd
Reporting From Mexico City
Member of the Society of American Travel Writers
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