Bidding for AeroMexico intensified yesterday as both the Saba family and Banamex boosted their rival offers for the carrier and Mexicana urged stakeholders not to dismiss its bid despite a rejection by regulatory authorities on antitrust grounds. Father and son Alberto Saba Raffoul and Moises Saba Masri increased their bid to MXN1.89 billion ($174.7 million) while Banamex, the Mexican arm of Citigroup, said the group of investors it is leading have upped their bid to MXN1.85 billion. But ...

Subscribe to Access this Entire Article

"AeroMexico bidding war heats up with rivals boosting offers" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.