Mexico to Sell 62% Stake in Consorcio Aeromexico

Mexican Federal Government plans to sell its 62% interest in Consorcio Aeromexico during a public offering, in which the airline also wants to issue new shares in order to raise capital. The company did not disclose the operation date.

After the sale, all Aeromexico shares will be traded publicly. The announcement doesn't preclude an investor group from making a public offer for the firm's shares.

Aeromexico have said in January that the government will sell the airline consortium before 2007-end.

Aeromexico is Mexico's biggest airline. It serves more than 40 cities in Mexico --more than any other airline--, 15 gateway cities in the United States, and five countries in Europe and South America.

The company is a founding member of the SkyTeam global airline alliance, which provides customers with worldwide destinations, flights and services. The airline's corporate headquarters are in Mexico City and its US operations are based in Houston. © 2007 NoticiasFinancieras - NoticiasFinancieras - All rights reserved

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