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Compania Mexicana de Aviacion is unlikely to resume operations after grounding all its flights over the weekend, four weeks after filing for bankruptcy protection in Mexico and the U.S., UBS AG said.
MEXICO CITY - Mexico's Labor Minister, Javier Lozano, said he isn't optimistic about the prospects of a group of investors for saving airline company Mexicana from bankruptcy, and rejected a proposal
Mexico City - Debt-ridden airline Mexicana de Aviacion needs a cash injection of at least $100 million to keep flying, the company's chief executive said on Tuesday.
Mexicana de Aviacion, the debt-laden Mexican airline teetering on the brink of bankruptcy, is in talks with three investor groups as it urgently seeks a buyer, a union official said on Monday.
Woes continue for Mexico's oldest airline, Mexicana, which announced on Monday the indefinite suspension of all but one of its long-haul international flights to destinations in Europe, North America
Mexicana Airlines, the busiest foreign carrier at Los Angeles International Airport, announced Tuesday that it had filed for bankruptcy protection in the U.S.