Thursday, February 21, 2008

New Mexican Airport


MEXICO CITY, Feb 21 (Reuters) - Mexican airport operator Asur will fight to take part in the bidding process for a planned airport in the Riviera Maya region which will drain passenger traffic away from its key runways at the resort of Cancun.



Chief Financial Officer Adolfo Castro said on Thursday Asur will take the case to court if government authorities do not allow the company to bid for the rights to build and run the airport in Quintana Roo state.



The government has not yet decided if Asur can participate in the bidding process. The sticking point is competition because Asur already operates nine airports in Mexico's southeast, including Cancun.



"If they do not allow us to participate we will use all the legal tools that we have in hand in order to protect our rights and in order to be part of the bidding process," Castro told a conference call with analysts.








Importance: Yet another case of stifling "monopolies" in the name of competition in the Mexican government-business relationship. With the world economy in a decline, I find it odd that the Mexican government is increasing its business taxes. On an economic side note, the Mexican stock market gained on Thursday and the peso strengthened (another Reuters story...)




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