AeroMexico's board said all its members consider last month's $100 million offer from the Saba family to be "reasonable." The carrier is controlled by state holding company Consorcio Aeromexico, which has been trying to sell it to private investors since 2005 (ATWOnline, Aug. 23). Archrival Mexicana was sold to an investment group led by Grupo Posadas in late 2005 for $165.5 million plus assumption of liabilities that brought the total value of the deal to $1.46 billion.

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