Mexico Judge Accepts Mexicana Airlines Bankruptcy Filing, Formula Reports

A Mexico judge has accepted Compania Mexicana de Aviacion’s request for protection from creditors, Radio Formula reported today.

Airline Mexicana Granted Creditor Protection To Restructure

Airline Mexicana Granted Creditor Protection To Restructure

Mexicana Airlines suspends all flights

Mexicana Airlines suspended all operations Friday, ending a rapid financial unraveling for Mexico's oldest air carrier. The suspension affects not only the flagship airline but also domestic affiliates MexicanaClick and MexicanaLink. All flights were canceled as of midday Saturday. "Financial deterioration and lack of agreements force Grupo Mexicana to stop flying," said a statement posted on ...