Volaris sees Mexico regaining aviation rating by end of next year (updated)

Controladora Vuela Compania de Aviacion SAB de CV

06/12/2022 14:24

(Adds details from presentation, background)
       MEXICO CITY, Dec 6 (Reuters) - Mexican low-cost airline
Volaris  VOLARA.MX  expects the country to regain its U.S.
aviation rating by the last quarter of 2023, it said in a
presentation published ahead of its investors' day on Tuesday. 
    The airline said in the presentation it had planning in
place to move should Mexico recover the U.S.-issued Category 1
rating earlier, noting that Mexican government authorities had
forecast that it could recover the rating as soon as April.
        The U.S. Federal Aviation Administration (FAA)
downgraded Mexico's aviation safety rating in May 2021, saying
it fell short of regulating its air carriers "in accordance with
minimum international safety standards."
  
        The move bars Mexican carriers from adding new U.S.
flights and limits the ability of airlines to carry out
marketing agreements with one another.
  
        In October, Mexico's foreign ministry said it aimed to
complete an action plan in December as part of its bid to
recover the rating. 
  
        It added the FAA officials are set to visit Mexico and
schedule a final audit date in January.
  
 (Reporting by Valentine Hilaire; Editing by Sarah Morland)
 ((Valentine.Hilaire@thomsonreuters.com;))