🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

U.S.' Buttigieg meets Mexican counterpart on aviation sticking points

Published 10/16/2023, 01:37 PM
Updated 10/16/2023, 01:41 PM
© Reuters. Secretary of Transportation Pete Buttigieg listens as U.S. President Joe Biden speaks about the airline industry and consumer protections from the South Court Auditorium on the White House grounds in Washington, U.S., May 8, 2023. REUTERS/Leah Millis/File
USD/MXN
-
ALGT
-

MEXICO CITY (Reuters) - U.S. Secretary of Transportation Pete Buttigieg met on Monday with his Mexican counterpart to discuss a number of sticking points regarding Mexico's aviation industry.

Mexican President Andres Manuel Lopez Obrador has increasingly exerted control over the industry and handed over civilian aviation duties to the armed forces, causing frictions between the two countries.

Buttigieg and Mexican Transportation Minister Jorge Nuno discussed Mexico's plan to maintain a recently recovered U.S. air safety rating, given back to Mexico in September after it spent more than two years on a lower rating, Mexico's transportation ministry said.

Aviation analysts have said that several issues, including a legal challenge of a major overhaul to Mexico's aviation law, could put the recovery at risk.

The two also discussed Mexico's move of cargo flights out of the Mexico City International Airport (AICM) to the military-run Felipe Angeles International Airport (AIFA), which opened last year and sits farther away from the capital.

The U.S. government had previously expressed concern over the move - appearing to pause a tie-up between U.S. carrier Allegiant and Mexico's VivaAerobus as a consequence - and meeting with cargo carriers to hear their worries.

© Reuters. Secretary of Transportation Pete Buttigieg listens as U.S. President Joe Biden speaks about the airline industry and consumer protections from the South Court Auditorium on the White House grounds in Washington, U.S., May 8, 2023. REUTERS/Leah Millis/File Photo

Buttigieg and Nuno also talked about strategies to reduce flight saturation at the AICM, the busiest in the country, the ministry said. Lopez Obrador has exhorted commercial airlines to move flights from the AICM to the AIFA.

Government-mandated flights cuts at the AICM are set to take effect in January, slashing slots from 52 per hour to 43 per hour despite outcry from airlines.

Latest comments

Risk Disclosure: 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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.