Air sector open to private investment in Coahuila

Saltillo, Coahuila.- The State Administration will create the company Administradora Coahuilense de Infraestructura y Transporte Aéreo S.A. de C.V., which will be authorized to partner with investors from the public and private sectors to develop projects at airports in the State. Last February 24, Governor Ruben Moreira signed the decree that creates this state-owned company; however, it will be enforced next Friday, March 16th, after being published in the Official Gazette. The decree states that the Governor, the Minister of the Interior, the Minister of Finance and the Head of Servicios Estatales Aeroportuarios (State Airport Services), current operator of some airports in Coahuila, must appear before a notary public to register the company’s incorporation papers. In addition to a Chief Executive Officer, the company will be managed by a Board of Directors, whose members will be holders of the State’s Ministries. According to the decree that creates the new state-owned company, ever since Servicios Estatales Aeroportuarios –which will keep on operating— was created, this sector has grown at the State, especially after the 1999 Legal Reform.