Showing posts with label travel. Show all posts
Showing posts with label travel. Show all posts

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