Tag Archives: Government subsidies

AIFA Lowers Original Projected Passenger Goal by 70 to 80 Percent

By MARK LORENZANA The controversial Felipe Ángeles International Airport (AIFA) — one of Mexican President Andrés Manuel López Obrador’s (AMLO) pet megaprojects — scaled down its projection of transporting 2.4 million passengers this year to 700,000, which is 71 percent less than its original goal. When the AIFA was inaugurated in March of this year, it projected transporting 2.4 million passengers

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Government Triples Subsidy of AIFA, Despite Limited Daily Flights

By MARK LORENZANA The federal government of Mexico has tripled the amount planned to subsidize the operations of the new Felipe Ángeles International Airport (AIFA) this year, with the average cost per passenger exceeding 4,700 pesos. Originally planned at 419.4 million pesos, the annual subsidy for the operation of the AIFA has risen to 1.3 billion pesos, an increase of

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Keeping Gas Prices Low Will Cost Mexican Government Dearly

By THE PULSE NEWS MEXICO STAFF Keeping President Andrés Manuel López Obrador’s (AMLO) promise on Thursday, March 3, to not raise gasoline prices as global crude oil prices soar will come with a hefty price tag for his administration, experts warned on Friday, March 4. Just last January, the fiscal stimulus granted by the government to gasoline consumers represented a

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