Mexico signs agreement aimed at recovering U.S. aviation rating
Reuters
Published Jul 26, 2021 09:19AM ET
MEXICO CITY (Reuters) - Mexico has signed an agreement with the U.S. Federal Aviation Administration (FAA) aimed at helping the country recover its Category 1 air safety rating, Mexico's ministry of communications and transportation said on Monday.
Experts from the FAA will visit Mexico beginning in August to provide technical assistance and a review of the country's efforts to reverse a downgrade, the ministry said in a statement.
The FAA in May downgraded Mexico's aviation safety rating to Category 2, the lowest level, an action that bars Mexican carriers from adding new U.S. flights and limits the ability of airlines to carry out marketing agreements with one another.
The downgrade implied, according to the FAA, that Mexico lacked "necessary requirements to oversee the country's air carriers in accordance with minimum international safety standards, or the civil aviation authority is lacking in one or more areas such as technical expertise, trained personnel, record keeping, inspection procedures or resolution of safety concerns."
The U.S. regulator said at the time it was "fully committed" to helping Mexico's aviation authority improve its safety oversight system to international standards and offered to provide expertise and resources.
Mexico's communications and transportation ministry said the FAA experts visiting the country would provide a report of their findings and recommendations for further improvement.
Recovering the Category 1 rating was a "priority," the ministry said, and improvements have continued in order to guarantee certainty to the aviation industry, as well as national and foreign tourists, "that Mexico is safe in the areas of air transport and airport services."
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.