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Volaris Mexican carrier banking on Mexico regaining Category One rating by Stocksak


© Stocksak. FILEPHOTO: A Volaris aircraft is pictured on the Benito Juarez international airstrip in Mexico City, Mexico, May 9, 20,22. REUTERS/Edgard Garrido

By Kylie Madry

MEXICO CITY – Volaris has begun to plan its budget in anticipation that Mexico will regain its Category-1 aviation rating by the second quarter of 2023, said the Mexican airline’s finance chief on Tuesday.

Jaime Pou, Volaris Chief Financial Officer, said that they are currently budgeting for next year’s second half and that they are closely monitoring it.

Andres Manuel Lopez Obrador, President of Mexico, stated at a regular press conference on Tuesday that officials from his country will travel the United States this weekend in order to discuss the possibility of regaining the rating.

Mexico must recover its U.S. rating that Mexico lost over a decade ago in order to launch new routes to America.

Lopez Obrador stated that “things are really moving”. He explained that the head and deputy ministers of transportation and aviation would be making the trip to Washington.

Enrique Beltranena (Chief Executive at Volaris) stated that Mexican authorities were currently “working on necessary changes to the aircraft regulations (and) mechanisms to finance the expenses that they must spend to get the category back.”

Beltranena stated that things are now “moving along much more” than they were in previous months after recent shake-ups at Mexico’s transport ministry, which included the replacement of the head of the country’s aviation authority.

According to a statement by the transportation ministry, the chief of Mexico’s aviation authority was inaugurated last week with the primary objective of recovering the rating.

In May last year, the FAA downgraded Mexico’s air safety rating. This means that it found Mexico did not have “necessary requirements” for oversight of airlines in accordance to international safety standards or that the civil aviation authority was “lacking in one or more areas.”

Aeromexico’s chief executive stated last month that “the damage done (by the downgrade) was significant.”

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