Mexico's Military Takes Flight: Launches Airline with $48 Million Mexicana Brand Acquisition
The Mexican government plans to launch a military-run airline later this year, following the purchase of the brand of defunct airline Mexicana de Aviacion for $48 million. President Andres Manuel Lopez Obrador aims to revive the airline to provide low-cost options to travelers and believes there is room in the domestic market for another carrier. The airline will start with 10 rented Boeing 737-800s and will sell tickets to approximately 20 destinations from the Felipe Angeles International Airport. The government will contribute an initial 4 billion pesos to the project.