Mexicana de Aviación with 1,030% subsidy in 2024, but “it does not take off”

Although it has not finished “taking off” since it was previously reported that it will generate profits within 10 years (2033), the military airline Mexicana de Aviación registers an increase in its millionaire subsidy by 1,030% during 2024.

This information is found in the annex to the Reports on the economic situation, public finances and public debt for the first quarter of this year released by the Ministry of Finance and Public Credit (SHCP).

In the Public Finance report for the month of March, the SHCP reported the data that modifies what was originally budgeted in the PEF 2024; Just a few days ago, the Secretariat of National Defense (Sedena) also requested almost 21,000 million pesos for the purchase of aircraft.

• Of the 119.7 million approved in the Expenditure Budget of the Federation (PEF) for the category of subsidies and fiscal support, basically personal services, during this year, The amount was modified to 1,353.3 million pesos.
• to that 8,221 million pesos must be added that the airline has a budget for operating expenses.

The increase was recorded because the Federal Budget and Fiscal Responsibility Law (LFPRH) establishes that budget adjustments greater than 5% must be published.

Mexicana de Aviación with 1,030% subsidy in 2024, but “it does not take off”

Thus, the airline managed by the Sedenawhich has its base of operations at the Felipe Ángeles International Airport (AIFA), which began operation on December 26 and surprised once more with additional requirements of billions of pesos.

However, in September 2023, the airline’s director, Sergio Montaño, said that the new Mexicana de Aviación aims reach its equilibrium point in six years, that is, in 2030although it is possible that this goal can be achieved sooner.

And he specified that the objective of offering rates between 18 and 20% lower than its competitors, does not imply that it will have budget restrictions that put the security of its operations or the comfort of its clients at risk.

“What we are looking for are efficiency economies with good administration, without penalizing passenger services,” he said.

Why did the military company ask for more money?

Last week it was made public application por part of the Airport GroupRailway, Auxiliary and Related Services, Olmeca-Maya-Mexica (Gafsacomm), attached to the Sedena, of 20,871.7 million pesos for the acquisition of aircraftground support equipment and tools necessary for its operation.

To date, no further financial information is known regarding the airline that “contributes to increasing the connectivity and coverage of air services between the different geographical areas of the country, through the provision of public transport services for passengers, cargo and mail.” ”.

More passengers and more planes

At the end of the first quarter, it reported that it transported 53,931 passengers on regular flights operated with its Boeing aircraft and 20,406 on charter flights operated by TAR (who rents two aircraft to it).

But The figure is tiny, compared to VivaAerobus, which in the same period transported more than 5.2 million people (5,252,445 passengers).

What routes does Mexicana de Aviación operate?

The number of routes offered at the moment is 18, of which eight are offered on regular flights (Puerto Vallarta, Mazatlán, Tijuana, Monterrey, Mérida, Tulum, Chetumal and Campeche), which have increased their average load factor to 49.7 % in January to 59% in March, according to data from the Federal Civil Aviation Agency (AFAC).

The rest of the routes, which also depart from AIFA, are in the charter section and are served by TAR are: Acapulco, Uruapan, Ixtapa Zihuatanejo, Villahermosa, Ixtepec, Palenque, Nuevo Laredo or Ciudad Victoria.

In the updated AFAC figures it is mentioned that Mexicana de Aviación has three airplanes that are 8.3 years old, while TAR operates four with a history of 25.3 years.

Regarding the purchase of new aircraft, following The negotiation that existed to increase the fleet with SAT Aero Holdings became complicated.

Even Mexicana de Aviación was sued by the American company in the month of March.

To better understand: SAT Aero Holdings, the mysterious lessor of Mexicana de Aviación

The details of the project were reserved and of the 201 pages of the cost-benefit analysis, only one says: Acquisition of assets to increase air operations.

Where can I buy flights on Mexicana de Aviación?

Mexicana de Aviación tickets are purchased directly on the website. Mexican Aviationyou just have to enter the destination, departure date, return if it is a round trip flight and the number of passengers.

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