On a jet circling Benito Juarez International Airport, where the floors are sinking and the toilets stink, you can catch a glimpse of what might have been in an abandoned construction site a few kilometres away. It’s the carcass of a plan to end the hell of flying in and out of Mexico City.

President Andres Manuel Lopez Obrador scuttled it a year ago in a move that disappointed airlines, dismayed frequent fliers and shocked investors. After all, about $5bn (R74bn) had been poured into the New International Airport in Texcoco. The estimate to finish it was another $8.3bn or so — and scrapping it will end up costing more than $9bn...

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