AeroMexico Unveils Two-Year, $500 Million Investment Program

AeroMexico Unveils Two-Year, $500 Million Investment Program

AeroMexico announced its latest investment program of $500 million to be carried out over a two-year period, including the addition of new aircraft to the fleet, as well as the launch of new routes to both Mexican and international destinations. In 2010, AeroMexico and its affiliate AeroMexico Connect increased its market share by 12 percent to cover 45 percent of the Mexican market.

Further, the company has plans to introduce new international routes to Caracas, Venezuela; Panama City, Panama; and Guatemala City. To the U.S., new routes will include Chicago, from both Guadalajara and Monterrey, and Guadalajara-Fresno service. Within Mexico, Guadalajara-Hermosillo, Culiacan-Mexicali and Monterrey-Mexicali services have already been announced for April 4.

Beginning April 5, the airline will begin using Boeing 737s to deliver increased capacity and meet demands on routes such as Mexico City-Oaxaca, Mexico City-Carmen and Mexico City Veracruz. In the spring, AeroMexico will increase frequency to offer customers a greater variety of flights from Mexico City to destinations such as Los Cabos; Campeche; Mazatlan; Oaxaca; Puerto Vallarta; Tapachula, Zihuatanejo; Miami; San Antonio; Los Angeles; and New York, among others. On the national front, the company will incorporate Colima and Tepic into its route network.

Regarding its fleet expansion, Andrés Conesa, director general, said, “In the coming months, the airline will receive delivery of 20 new aircraft to incorporate into the fleet,” from U.S. manufacturer Boeing. The first new plane arrived on March 10. According to Conesa, the company registered 11.6 million passengers transported in 2010, the highest number on record for the company.

This year, the company aims to reach the 13 million mark of transported passengers, between both the addition of new aircraft and new routes as well as an increased presence in New York, Miami, Las Vegas, San Antonio and Los Angeles. Taking into account the announcement of the company’s latest investment plans, AeroMexico will have received no less than $1 billion from its investor group in a four-year period. Among other developments in recent months, AeroMexico has implemented new options to speed-up the check-in process for both domestic and international travel with the use of automatic kiosks and web check-in.