Friday, September 24, 2010

Update on the Mexicana bankruptcy

Several people have been wondering what the current status of the Mexicana airlines situation is, so I thought I'd give a brief update.

  • A judge granted Mexicana bankruptcy protection in early September
  • The majority of Mexicana shares were purchased by Tenedora K (95% stake)
  • Several other airlines are offering discounts to passengers who had purchased tickets on Mexicana
  • Mexicana will resume flying in December, at 50% of its original capacity
  • Operations will be centered around other airlines in its group - Click and Link

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