Ownership stake in Grupo Aeromexico could increase to up to 49 percent
Latin American commercial fleet to triple over next 20 years
The agreement, signed today in Washington, lifts longstanding restrictions on the number of carriers allowed to operate on any given route between the U.S. and Mexico, opening the door for carriers to add unlimited new transborder air service effective January 1, 2016.
The International Air Transport Association (IATA) welcomed the improvements in safety that have resulted from strong partnerships among aviation stakeholders in Latin America and the Caribbean, and urged governments in the region to use this as a template for working together in other areas.
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