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A Mexican Army-Run Airline Makes Its First Flight to a Resort Town

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A Mexican Army-Run Airline Makes Its First Flight to a Resort Town

A Mexican Army-Run Airline Makes Its First Flight to a Resort Town. In a significant move, Mexico military has played a pivotal role in resurrecting the once-defunct state-operated Mexicana airlines. President Andrés Manuel López Obrador emphasizes the military’s involvement as a measure to combat corruption within the airline industry.

Inaugural Flight to Tulum

The rebirth of Mexicana airlines was marked by the maiden flight of a Mexicana de Aviación Boeing 737-800, operating as MXA 1788. The flight took off from Felipe Ángeles International Airport near Mexico City, destined for the newly established Tulum International Airport in the Caribbean. The military’s hands-on approach is evident, signifying a strategic move in reclaiming the national airline.

Affordability and Civilian Cr ew

Tickets for the inaugural flight were priced at $92, presenting a cost-effective alternative, approximately one-third cheaper than commercial offerings. Notably, civilian cabin crewmembers manned the flight, underscoring the collaboration between the military and civilian sectors in this revival.

Government Investment and Mexicana Brand Acquisition

Earlier in the year, the Mexican government invested $48 million to acquire the Mexicana brand, which had succumbed to bankruptcy proceedings 13 years ago. This revival aligns with the broader expansion of military-controlled enterprises, as the defense ministry now oversees 11 airports across the country, including four recent additions.

Protecting Against Corruption

President López Obrador clarifies that the military’s role is to “rescue” the national airline from corruption. He highlights the historical shift from public to private ownership of essential services, emphasizing the need to safeguard public enterprises from fraudulent practices.

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Future Plans and Service Expansion

Mexicana airlines plans to initially serve 14 airports, encompassing both popular tourist destinations and underserved communities. Secretary of National Defense Luis Cresencio Sandoval González outlines the starting fleet of five aircraft, comprising three Boeing 737-800 and two Embraer ERJ 145. Additionally, there are considerations for future expansion, possibly involving the rental of Boeing aircraft through an American company.

Conclusion

The revival of Mexicana airlines by the Mexican military signifies a multifaceted initiative, addressing economic considerations, public accessibility, and the imperative to combat corruption. As the airline takes flight, it not only reconnects destinations but also symbolizes a strategic maneuver to reclaim public enterprises for the benefit of the people.

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Airlines

Japan Airlines counts the cost of Tokyo crash

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Japan Airlines counts the cost of Tokyo crash

Japan Airlines counts the cost of Tokyo crash, Flights at Tokyo Haneda airport continue to experience disruptions following a fatal collision between a Japan Airlines aircraft and a smaller plane on the runway. The incident, resulting in five fatalities, prompts investigations by transport authorities to prevent such tragedies in the future.

Market Fluctuations Post-Accident

Upon the reopening of markets after Japan’s New Year’s holidays, Japan’s second-largest airline, Japan Airlines, witnessed a surge in sell orders. Despite the initial setback, the share price managed to recover by the end of the trading day.

Financial Impact and Insurance Coverage

Japan Airlines updated investors, highlighting the coverage of the loss of the Airbus A350 aircraft through insurance. However, additional costs are anticipated, including offering ticket refunds to customers with reservations through March 31, 2023, who wish to cancel their flights. The estimated operating loss for the airline stands at approximately ¥15 billion ($105 million), a significant challenge considering the airline’s recent recovery from pandemic-related losses.

Short-Term Setbacks, Long-Term Resilience

The tragic incident is expected to impact the airline’s earnings for the year to March. Despite this setback, JAL’s longer-term prospects appear resilient. While airline demand in Asia has lagged behind the US and Europe post-pandemic, JAL’s full-service flights have already seen passenger revenue return to pre-pandemic levels. Operating margins have improved, thanks to price hikes and a substantial increase in the average revenue earned per passenger kilometer flown.

Growth Expectations and Market Outlook

Shares of Japan Airlines currently trade at 12 times forward earnings, a premium compared to US peer United Airlines. This reflects positive growth expectations and suggests that the market anticipates the airline’s resilience in the face of short-term challenges.

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Conclusion

Despite the immediate challenges posed by the Tokyo crash, Japan Airlines remains steadfast in addressing the incident’s aftermath. The airline’s financial resilience and positive market outlook indicate a potential recovery and continued growth, emphasizing its commitment to passenger safety and long-term success.

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