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 Business News | April 2005 
Job Concerns: Mexican Pilots Demonstrate
 Associated Press
| | About 100 pilots protest outside the nation's dominant airline company, Cintra, in Mexico City on Thursday (Photo: AP) |
Mexico City - About 100 Mexican pilots on Thursday protested in front of the offices of the country's leading airline company amid job concerns.
The demonstrators in Mexico City said they feared layoffs could follow the sale of the main national airlines.
Union representatives said officials with the holding company Cintra (International Corporation of Air Transportation) didn't take pilots into account in planning for the government's sell-off of its two-thirds stake in the company.
CINTRA plans to sell one of the country's two major airlines, AeroMexico, together with regional unit Aerolitoral.
Low-cost carrier
The airline Mexicana and assets of its unit Aerocaribe will be sold along with a new low-cost carrier.
CINTRA was set up in 1995 to manage the airlines it acquired, among assets related to the bank bailout of the mid-1990s.
Union leaders warn that the deal could result in "a predatory war" of cost-slashing and said the pilots wanted guarantees that their jobs remained safe.
They argued that because the sale affected 80 per cent of Mexico's domestic aviation business, the business was vital to national security. |
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