These are the Grupo Aeroportuario de la Ciudad de México (GACM) and the International Airport of Mexico City (AICM), the merging entity, which will continue under the control of the Secretary of the Navy and will maintain the responsibility of the trust that pays the interest. of the bonds that were issued to finance the Texcoco airport.
Administrative restructuring at the end of the six-year term in Mexico. On June 8, the Mexico City Airport Group (GACM) announced that it intends to carry out a corporate reorganization consisting of merging with the Mexico City International Airport (AICM), which will be the merging entity, and as As a result of the reorganization, the air terminal will maintain its existence.
Both parastatal entities have been grouped in the Ministry of the Navy (Semar) since October 2023, by instruction of President Andrés Manuel López Obrador. Previously they were in the Ministry of Infrastructure, Communications and Transportation (SICT).
“The proposed merger and the resulting corporate reorganization will have no effect on the collection of passenger fares in the AICM, nor on the guarantee structures and source of payment that guarantee the four series of international bonds in circulation of MEXCAT, nor on MEXCAT's ability to make principal and interest payments under said bonds,” the group detailed.
The current debt for these bonds is around US$3.7 billion.
In a statement published by the GACM on its website, in the investors section, it is read that, as communicated to MEXCAT (a special purpose trust created with the sole purpose of acquiring and maintaining the rights to collect airport use fees , TUA, in the AICM), it is a decision of the Executive.
"The proposed reorganization is consistent with the Mexican government's plan to eliminate redundancies in the corporate structure of certain state entities that own infrastructure assets, including GACM and AICM," it was detailed.
The GACM was established on May 28, 1998 with share control of the AICM and Servicios Aeroportuarios de la Ciudad de México (SACM) and during the previous administration it was made responsible for building, managing, operating and exploiting the canceled New International Airport. of Mexico City (NAICM)
In the group's 2024 work program it is mentioned that its priority objective is: Strengthen the Metropolitan Airport System (SAM) that meets the demand for airport services in the center of the country.
And Cassiopeia?
As part of the changes made in the current federal administration, the AICM was handed over to Semar to improve its services and security.
With new tasks, in the first half of 2023, the agency reported that it would integrate a new airport group named Casiopea (whose name is already registered with the Mexican Institute of Intellectual Property), because in addition to the country's main airport, it was assigned six more that were in charge of the Airport and Auxiliary Services (ASA): Matamoros, Ciudad Obregón, Ciudad del Carmen, Colima, Guaymas and Loreto.
At the time it was said that, given the administrative complications to integrate Casiopea and manage the airports, and given the urgency of having them operated by Semar, it would be decided to take them to the GACM.
However, with the intention of merging said group with the AICM, there remains uncertainty about what will happen with Casiopea in the last months of the six-year term.
For now, this Monday, the Secretary of the Navy released a couple of statements to inform that VivaAerobus will begin flying from the Felipe Ángeles International Airport (AIFA) to the terminals of Matamoros and Ciudad Obregón.
In the case of Matamoros, it will be the first time that the airline lands.
“The general director of GACM, Admiral Juan José Padilla Olmos, reaffirmed the commitment of this Airport Group to provide immediate, visible and effective results that make the Matamoros International Airport a promoter of growth and development in this area of the state,” it was specified.
