Flash Report /
Global

Flash Aviation Sector: US downgrades Mexico aviation safety assessment

  • FAA downgraded Mexico's aviation safety assessment to Category 2, for failing to meet ICAO minimum safety standards

  • Mexican airlines are now prevented, among others, from launching new routes and increasing or reducing frequencies

  • Category 1 would return in short term; though we expect volatility. Favorable perspectives are maintained in long-term

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Banorte
28 May 2021
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