Wednesday, May 27, 2020

Sectur: The country’s main airlines will not go bankrupt due to COVID-19

The head of the Ministry of Tourism, Miguel Torruco, assured this Tuesday that Viva Aerobus, Aeroméxico, Volaris, Interjet and Aeromar, the main airlines in the country, will not fail due to the health crisis that has caused the worst impact on commercial aviation in the world.

In a video-conference, Torruco assured that he has maintained communication with owners and CEOs of said airlines, who have expressed their confidence in continuing their operations when the pandemic by COVID-19 ends. “I have spoken with the owners of the airlines, they will see that we will continue to have our airlines (…) Aeromar, Aeroméxico, especially Interjet, will continue to fly, will continue to increase connectivity”. Torruco’s statements occur amid bankruptcies of airlines in Latin America such as TAME, Avianca and LATAM, which will file Chapter 11 Bankruptcy in the United States.

In Mexico, the National Chamber of Air Transportation (Canaero) had indicated that without government aid, which has not been provided so far, Mexican airlines would enter bankruptcy, as the lack of liquidity would force them to suspend their payments and put in the employment of 1.4 million people who depend directly and indirectly on aviation is at risk.

Before the start of the health crisis, Interjet and Aeromar had financial difficulties to meet their obligations, and as of March they had debts for the use of airspace and other services such as fuel supply. On the other hand, Torruco pointed out that the opening of the country’s tourist destinations will occur in accordance with the sanitary ‘traffic light’ promoted by the federal health authorities and only when the minimum risk of COVID-19 contagion is guaranteed.

The head of Sectur added that the beaches, hotels and tourist services will be reactivated when the Ministry of Health, in conjunction with the local health authorities and the governors consider that the return of tourism is safe. “We are already waiting for the gradual opening of developments according to traffic lights. The reopening depends on the traffic light, the health authority and the governor of the entity”, reiterated the head of Sectur.

Source: El Financiero

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