A PYMNTS Company

Mexico: New COFECE ruling on Mexico City Airport ‘slots’

By  |  July 4, 2017

Mexico’s competition regulator, COFECE, has announced its resolution to consider the landing, take-off, use and control of platforms services at the International Airport of Mexico City (AICM) (collectively known as ‘slots’) to be essential resources. In addition, the agency criticized current rules on their allocation as leading to high market concentration, high prices and restrictions on the expansion of supply, affecting two-thirds of domestic passengers and a third of international travelers using this airport.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    COFECE recommended a series of corrective measures to the AICM, including: allowing public verification of regulatory compliance by authorities and airlines to promote accountability; Defining clear rules regarding the criteria for assignment, return, withdrawal, cancellations and auctioning of available landing and takeoff slots; Clearly defining the causes that exempting airlines of responsibility in delays and cancellations beyond their control; and to prevent airlines that hold more than 35% of participation in a time slot from accumulating more slots.

    “When these corrective measures are implemented, the airlines operating in the AICM will be able to fulfill their obligations toward end users regarding the time and form of the services engaged, which will reduce delays. It will also increase the possibility of entry and expansion for competitors in the market, which will promote a greater offer of flights and lower fares”, COFECE said in its press release.

    Full Content: COFECE

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.