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Carlos Slim, Bondholders Among Biggest Mexico Airport Losers

  • Airlines and airport operators also stand to lose from plan
  • Lopez Obrador announcement poses longer term risk to markets
Carlos Slim
Carlos SlimPhotographer: Susana Gonzalez/Bloomberg
Updated on

The list of potential losers from the cancellation of Mexico City’s $13 billion airport project starts with the nation’s richest man and goes on to embrace businesses, investors, airlines and passengers.

Incoming President Andres Manuel Lopez Obrador scrapped the partially built project Monday after an informal referendum last week implied most Mexicans opposed continued construction. The decision sent markets tumbling.