In addition, since March 24, it launched the Mexico City-Medellin with scale in Santo Domingoa scheme that, in a second phase, seeks to replicate with flights from Mexico City and cancun to st marteen, Aruba, curacao and Jamaica in the Caribbean, a currently limited offer, which is mainly operated by US airlines.
“The Caribbean was very affected by high rates (…) Before Arajet flew to many of these destinations, the rate was $1,200, but competitors lowered it to around $300,” says Víctor Pacheco Méndez, CEO and founder of Arajet. . “We started operating in September, and in May we will have five frequencies a week. It’s a big growth.”
Arajet began operations on September 15 with three weekly frequencies, with an initial fleet of five aircraft Boeing 737-8 MAX, and expects to move an estimated 7 million passengers per year for its fifth year. By the end of this year, the airline expects to close with twice as many aircraft, and by 2026 it expects to have up to 29 aircraft,
In the AIFA, the airline has a market of which 60% are Mexican travelers, which, 70%, are from the tourist market. Pacheco currently ensures that they maintain an occupancy factor of around 65%.
Although the commitment to AIFA goes in crescendothe airline does not contemplate plans to operate under the scheme of cabotagean initiative promoted by President Andrés Manuel López Obrador to bring traffic to the new airport, and which would allow foreign companies to operate domestic flights, something that only Mexican companies can do.
“We have not been looking at cabotage in Mexico. At the moment we only want to fly from the Caribbean to Cancun and to AIFA”, emphasizes the manager.
Outside of Mexico, the company plans to operate in Brazil, Argentina, Chile and the United States, where they see a market of 3 million Dominicans.