Investment In Air Transportation Increased. Mexican Senate Approves Amendment To Foreign Investment Law - Government - Mondaq Mexico - Mondaq Business Briefing - Books and Journals - VLEX 665175221

Investment In Air Transportation Increased. Mexican Senate Approves Amendment To Foreign Investment Law

Author:Mr Daniel Del Rio and Ricardo Lan
Profession:Basham, Ringe y Correa, S.C.
 
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On December 15, 2016, the Mexican Senate approved an amendment to articles 6 and 7 of the Mexican Foreign Investment Law. This proposal has been submitted to the congress so the legislative process may be concluded (Expected on March 2017).

The main highlight is the increase from 25% to 49% the percentage foreign investment is allowed in Mexican companies engaged in domestic air transportation service (both passengers and cargo), including taxi and specialized air transportation services.

The above mentioned amendment takes place within the context of Mexico City's new international airport construction, one of the world's most important airport projects which will have four times the operation capacity of the current airport, becoming the backbone of domestic and international flights in Mexico and the region.

The above represents an excellent...

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