EconomyFinancialLAST MINUTE: Cofece authorizes the alliance between Viva Aerobus...

LAST MINUTE: Cofece authorizes the alliance between Viva Aerobus and the US airline Allegiant

The Federal Economic Competition Commission (Cofece) authorized the commercial alliance between the US airline Allegiant and Viva Aerobus, which was announced in December 2021, and which includes a capital investment of 150 million dollars by Allegiant.

"Cofece's authorization is one more step we are taking to forge an alliance that will strengthen a competitive environment with a much broader offer between Mexico and the United States," said Juan Carlos Zuazua, general director of Viva Aerobus, quoted in a statement.

The agreement will allow the airlines -both from the low-cost segment- to have cross-access to their respective loyalty programs, shared codes, sales systems and route networks in order to operate flights together.

However, the trade agreement is still pending approval by the US Department of Transportation.

Under the alliance, Allegiant, which does not currently operate in Mexico, will be able to enter the country, while Viva Aerobus will be able to increase its presence in multiple US markets.

"This approval is a decisive step in achieving a historic and unique alliance between two low-cost airlines in the most dynamic air market in the world," said John Redmond, CEO of Allegiant, quoted in the document.

According to a presentation sent to the Department of Transport, the alliance had identified a potential of 250 potential routes that would be announced after the approval of the agreement, and that they would begin to be commercialized in the first quarter of 2023.

Volaris has been affected on 29 routes due to the downgrading to Category 2

The airline has allocated the newly incorporated aircraft to the domestic and Central American market, given the impossibility of adding them to its routes to the United States.

#Chronicle: What is it like to fly at AIFA six months after its opening?

Although the AIFA constitutes a functional alternative to flying from the State of Mexico or Hidalgo, there is still a large gap for it to become an option that relieves the saturation of the AICM.

Aeromexico reports profit for the first time since the pandemic began

During the third quarter of the year, the airline registered 21,401 million pesos in income, which left a net profit of 210.8 million pesos.

The reduction of operations in the AICM for the winter will fall on Aeroméxico

While the 'slots' of some airlines were reduced according to the 15% cut in operations announced in August, others remained unchanged and even increased their schedules.

LAST MINUTE: AFAC changes director with a view to recovering Category 1

At the instruction of President Andrés Manuel López Obrador, General Miguel Enrique Vallín Osuna was appointed as the new director general of the Federal Civil Aviation Agency.