Home Headlines New Mexicana airline expected to obtain revenues of more than $8 billion pesos by 2024

New Mexicana airline expected to obtain revenues of more than $8 billion pesos by 2024

by Magali Alvarez

The new Mexicana de Aviación, the airline that will be managed by the SEDENA (Mexico’s Defense Secretariat), would have an allocated budget of 119.6 million pesos in 2024.

With months to go before Mexicana de Aviación returns to the skies, the Ministry of National Defense (SEDENA) expects the new state-owned airline to achieve revenues of 8.34 billion pesos in its first year of operations.

According to the Federal Expenditure Budget Project (PPEF), the company would have an assigned budget of 119.6 million pesos for the following year, while the rest of the resources would come from different sources.

According to the PPEF, the airline is expected to achieve revenues in excess of 7,896 million pesos from the sale of services, plus 324 million pesos related to financial products, to which the federal government’s allocation would be added.

A month ago, the federal government announced that the new Mexicana de Aviación could start selling tickets this September, and also estimated that the company would begin operations next December.

This, after reaching a “historic agreement” with the 7,407 workers of the defunct Mexicana, to whom it will pay 815 million pesos for the Army to use the brand name for its new commercial airline.
According to the Federal Government, the airline will have a fleet of 10 of its Boeing 737-800 aircraft, with a capacity of 180 passengers in a single class; three of the aircraft will be delivered this month and the remaining ones in October.

The company will offer flights to 20 destinations: Cancun, Monterrey, Guadalajara, Tijuana, Campeche, Chetumal, Merida, Puerto Vallarta, Ixtapa Zihuatanejo, Cozumel, Los Cabos, Hermosillo, Ciudad Juarez, Villahermosa, Huatulco, Oaxaca, Acapulco, Mazatlan, La Paz and Leon, all from Felipe Angeles International Airport (AIFA).

At the time, the head of Sedena indicated that Mexicana de Aviación would offer fares between 18 and 20% cheaper than its competitors, thanks to the fact that the infrastructure of the AIFA and the Tulum airport belongs to the State itself.

TYT Newsroom

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