Mexican government to sell Aeromexico

The Mexican government plans to sell Aeromexico via an international bidding process, officials told EFE news service.

The goal is to complete the carrier’s sale by the end of the third quarter of this year, state-owned holding company Cintra said in a filing with the Mexican Stock Exchange.

Aeromexico, whose Aerolitoral unit provides domestic service, was put on the block last year, but the government rejected the offer made for the carrier on the grounds that it was too low.

Cintra said it planned to release details on the new bidding process in the next few weeks.

Aeromexico, which has a fleet of 70 planes, offers 300 flights a day from the Mexico City airport to 37 domestic destinations, 16 in the United States, two in Europe and three in South America.