GRPAQ - U.S. set to downgrade Mexico aviation safety rating

Multiple reports say the U.S. government will downgrade Mexico's aviation safety rating in the coming days, which would restrict Mexican carriers from adding new U.S. flights and limit their ability to carry out marketing agreements with U.S. carriers.The Federal Aviation Administration reportedly has determined that Mexico's oversight of aviation safety falls short of the top tier of international standards, and will drop its air safety rating to Category 2.A downgrade would mostly effect Mexican airlines flying to and from the U.S., including Grupo Aeromexico (GRPAQ), which has a marketing agreement with and is 49% owned by Delta Air Lines (DAL).ETF: [[JETS]]Mexico has been by far the largest U.S. international air destination during the COVID-19 pandemic, as travel restrictions have prevented Americans from visiting much of Europe.Nearly 2.3M passengers boarded U.S-Mexico flights last month, at least 3x more than the next highest country."Delta Air Lines is great but there is no

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U.S. set to downgrade Mexico aviation safety rating