Mexico: Aeromexico at heart of collusion probe

Mexico’s largest airline, Grupo Aeromexico, is at the center of a price and market-fixing investigation being led by the country’s competition authority, which conducted a dawn raid on the airline’s head office earlier this year, two people with knowledge of the matter told Reuters.

Competition regulator Cofece has asked Aeromexico for information about its alliance agreements with other airlines, the sources said. The people declined to be named because specifics of the investigation have not been made public.

Earlier this year, officials from Cofece turned up at Aeromexico’s Mexico City headquarters without prior warning as part of the investigation, the people said. The investigators were there until early the next morning making copies of documents and hard drives to take away.

A spokesman for Aeromexico declined to answer Reuters questions about the investigation and referred to a company filing after Cofece’s April announcement in which it said it would cooperate with authorities.

Full content: Reuters

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