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Mexican airport operator fined nearly $4 million over taxi monopoly

Posted On: Aug. 23, 2019 5:47 AM CST

Mexico's competition regulator has fined airport operator Grupo Aeroportuario del Sureste SAB de CV 72.5 million Mexican pesos ($3.7 million) for blocking new taxi operators at Cancun International Airport, Reuters reported. The regulator said that Grupo Aeroportuario prevented new operators from receiving federal permits between 2010 and 2018, which reduced competition and increased fares by about 8% on average.

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