Aeromexico’s General Manager Quits Post

Pedro Cerisola Weber, the general manager of Aeromexico, Mexico’s second-largest airline, has resigned.

The airline, which is preparing a public stock offering, lost more than $6 million in the first five months of this year, according to a source at the Mexican Securities and Exchange Commission, which reviewed the company’s finances before approving its request to issue shares to the public.

A company announcement said Cerisola resigned because he had “completed his objective of organizing and developing the company.” Aeromexico, which was government-owned until November, 1988, was bought by a group of investors that included the airline’s pilots and Bancomer. Since then, with Cerisola at the helm, the airline has expanded its fleet by one-third, to 37 planes, and compiled one of the industry’s best on-time records.

He has been replaced by a five-man administrative council that includes Chairman Gerardo de Prevoisin.