Finance

Mexico urges U.S. not to downgrade Mexico air safety rating By Reuters

© Reuters. FILE PHOTO: Mexican President Andres Manuel Lopez Obrador speaks during a news conference as he accepted a recommendation from the U.S. government to ensure there would be no fraud in union votes at workplaces in Mexico, when asked about U.S. concerns ove

MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador said on Monday U.S. authorities should not downgrade Mexico’s air safety designation, arguing that his country is complying with all the relevant norms.

Reuters reported on Friday the U.S. government is preparing to downgrade Mexico’s aviation safety rating, a move that would bar Mexican carriers from adding new U.S. flights and limit airlines’ ability to carry out marketing agreements.

“We have been complying with all the requirements. We feel that this decision should not be made,” Lopez Obrador said at a regular news conference when asked about the possibility of a U.S. downgrade of the safety classification.

The U.S. Federal Aviation Administration’s (FAA) planned move is expected be announced in the coming days and follows a lengthy review of Mexico’s aviation oversight by the agency.

Lopez Obrador said that a downgrade would “not affect (Mexican) airlines because they are mostly dedicated to transporting passengers domestically.”

Downgrading Mexico from Category 1 to Category 2 would mean that current U.S. service by Mexican carriers would be unaffected, but they could not launch new flights and airline-to-airline marketing practices such as selling seats on each other’s flights in code-share arrangements would be restricted.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button