Mexico will try to cover presidential plane cost with raffle
Christian Fernsby | ▼ February 8, 2020
Mexican President Andres Manuel Lopez Obrador gave details yesterday of a raffle aimed at covering the cost of a luxury presidential plane he has struggled to sell.
Article continues below
Topics: MEXICO PLANE
He clarified that winners will get $1 million in cash rather than the plane itself.
Mexico has yet to find a buyer for the $130 million Boeing 787 Dreamliner, which the leftist Lopez Obrador has cast as a symbol of excess and corruption in previous governments in a country where around half the population lives in poverty.
Last month, Lopez Obrador floated the idea of raffling off the plane itself. The plan caused some hilarity in Mexico as humorists tried to imagine what an ordinary citizen would do with the large and opulent aircraft.
Yesterday, however, Lopez Obrador made clear that the 100 holders of winning tickets would get $1 million in cash. The raffle aims to raise some 3 billion pesos, or about $160 million, with sales to begin on March 1.
“We’re doing this so that we don’t auction it off cheaply, so that we aren’t in a rush,” Lopez Obrador said. “I’m sure that all the tickets will be sold,” said Lopez Obrador.
As well as the cash prizes, the lottery would raise about $53 million dollars for public hospitals, the president said.
Attempts will continue to sell, or lease, the spacious jet, which has been reconfigured to fly only 80 people, has a large “presidential suite” and a private bath.
The winning tickets selected from 6 million sold will be announced on Sept. 15, the day before Mexican Independence Day.
Lopez Obrador has made a point of crisscrossing Mexico aboard commercial flights, often taking fellow passengers by surprise. He has auctioned off many smaller government planes and helicopters.
The specially outfitted Boeing 787 Dreamliner was acquired in 2012 at the start of President Enrique Pena Nieto’s six year term. ■ What to read next
Daily shower and thunderstorm activity is expected to persist across the Southwest and into portions of the Great Basin and Rockies.
Latest California launches nation’s largest college savings program for students and newborns
EU countries send help to France to fight against wildfires
Mask mandate returns in New Delhi as COVID cases rise
New Ford Maverick Tremor Off-Road Package revealed
Cuba brings oil depot fire under control
Aer Lingus flight with engine fire makes emergency landing at Bradley Airport, Connecticut
Qantas flight diverted after reportedly being struck by lightning
U.S.: Flood threat for several locations
Thousands evacuated from France’s Gironde as forest fires rage
Residential construction cancellations still numerous in Germany
Sweden overtakes France to become Europe’s biggest net power exporter
EU businesses on corruption: Greece, Cyprus, Italy and Croatia worst
EIB and UniCredit Bank Austria enable companies to invest in renewable energy and energy efficiency
Gazprom transit request via Ukraine 41.6 mcm
Uzbekistan, Kyrgyzstan, Afghanistan mulling creation of new transport corridor from China
German finance ministry proposes tax relief of 10 bln euros amid high inflation
Nigeria: Buhari approves $1.3 billion Exxonmobil's oil assets acquisition by Seplat
China and Australia not ready to solve disputes
Commission approves Italian scheme under RRF to support biomethane production
Today We Recommend Highlights
Ørsted commits to become first company to have all of its suppliers using 100% renewable electricity by 2025
Airbus Helicopters delivers the world’s first ACH160 to Brazilian customer
Santos buys underground gas pipeline to ease supply crunch
EDF sues French government over electricity sales
DB Schenker launches its first charter flights between Europe and South America
Island Pacific appoints Herman Chiu as CFO
Horizon Bancorp appoints Thomas M. Prame as president
Encora appoints Deepak Bhandari as EVP, head of corporate development
Firmenich: Maurizio Clementi interim president of taste and beyond division
Joyce Farms appoints two new leaders
Singapore GDP growth narrowed 3.0 to 4.0 percent
Inflation in Portugal rises to 30 year high
U.S. inflation eased in July after gasoline and used cars prices fell
High level of inflation in Estonia will remain
Hungary's inflation hits 13.7 pct in July
Hapag-Lloyd H1 EBITDA $10.9 billion
ThyssenKrupp Q3 sales improved by 26 percent
Honda Q1 net income declines
Ralph Lauren Q1 2023 EPS $1.73
Capri Holdings Q1 profit
Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
Morocco: Cereal campaign 2021/2022, production down 67%
Canada expands market for fresh British Columbia cherries to South Korea
Commission approved Finnish program of European Maritime, Fisheries and Aquaculture Fund 2021–2027
Situation with avian influenza improves in France
Number of Italian farms declines by a third in decade
62% of consumers will stop buying from brands that compromise products to cut costs
Companies must invest to avoid supply chain scandal or pay the price in lost consumers
How awards, recognition decrease inventors' creativity
Keeping employees is harder than ever. And we don't have good news
How much is 'great resignation' costing companies?
South Africa's Special Tribunal orders freeze of Transnet executives' assets
New York City announces settlement with Chipotle Mexican Grill securing $20m for 13,000 workers
PwC fined $2 million over BT audit after fraud discovered in Italy
Guardia di Financa finds unregistered foreign company operating in e-commerce
Iowa AG sues tobacco companies over $133 million in withheld payments
Avani Chaweng Samui Hotel & Beach Club opens in Thailand
Buffalo Bill is coming to Manitowoc with his Wild West show
Pullman Doha West Bay Hotel opens in Qatar
DoubleTree by Hilton hotel opens in Malaysia
Great Dorset Chilli Festival, the hottest festival in UK
2023 Subaru Crosstrek sells like hotcakes
New Mercedes‑Benz GLC, at home on any terrain
GMC unleashes new 2023 Sierra 1500 AT4X AEV Edition
First BMW M3 Touring presented
Southern Wind Power of 2, just for you and ocean ahead
Freddy WR.UP, pants that hug you in all the right places
Stylishly luxurious house design
Great design ideas that might not work for you
Garden mirrors, explore new views of your garden
Unusual and highly functional lamps
Forget streaming services, use McIntosh MR89 to enjoy AM/FM music
Infinix NOTE 12 PRO, first smartphone powered by MediaTek Helio G99
MW75 active noise-cancelling headphones, variety of new features
Parasound JC 1+ mono power amplifier by John Curl, pure delight
Cambridge Audio SX80, stylish loudspeakers for any room
New zoonotic virus Langya infects 35 people in China
Germany records first case of monkeypox in child
Denmark to offer monkeypox vaccine to gay men
Guatemala confirms first case of monkeypox
First monkeypox case identified in Moldova
First detection of gas in circumplanetary disk
Drought increases toxic microbe-laden dust landing in Sierras
Ancient source of oxygen for life hidden deep in Earth's crust
Length of Earth's days has been increasing, scientists don't know why
South Korea launches first lunar orbiter