Air sector to grow threefold because of FDI modification

The Mexican Air industry is expected to grow to 2 or 3 times its current size, if FDI participation in the national air transport business, aero taxis and specialty air transport is expanded from a 25% to a 49% said Alfredo Rodriguez, President of the Transport Commission of the House of Representatives. Some foreign airlines have disclosed their interest in buying or expanding their stock market participation in Mexican air carriers. The bill passed with nominal vote from the Senate by mid-December 2016 has already been submitted to the House of Representatives, to be reviewed next February 2017.