Continental Airlines, a Houston-based airline, could bid for a stake in one of Mexico’s two biggest airlines when the carriers finally go up for sale, according to Gordon Bethune, Continental chairman and chief executive office, during a visit to Mexico City.
The Mexican government has long had plans to sell •Cintra, the holding company of Aeromexico and Mexicana. The sale was recently delayed because of the slowdown in the airline industry after the September 11 terrorist attacks.
Aeromexico and Mexicana account for the majority of air travel in Mexico.
In June 2002, Continental started offering 305 weekly flights from Houston to 19 Mexican cities. The company plans to increase its frequency of daily flights to Leon, Mexico City and Monterrey.
Source: Houston Chronicle
