Investor Group Buys 95% Stake in Compania Mexicana
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A group of Mexican investors purchased a 95 percent stake in Nuevo Grupo Aeronautico SA, the holding company for the airline Compania Mexicana de Aviacion. Terms weren’t disclosed.
Tenedora K said in an Aug. 20 statement it will be the majority owner, while the country’s pilots’ union holds 5 percent. The Mexican companies Grupo Industrial Omega SA and Grupo Arizan are among the investors in Tenedora K, according to the statement, and the sellers included Grupo Posadas SAB, Mexico’s largest hotel operator.