Mexicana (Mexico City), reorganizing in bankruptcy protection, announced on May 11 that Med Atlantica had acquired the shares of its holding company and thus becomes the new owner of the grounded airline. The group hopes to relaunch MX in 2012. It must now seek bankruptcy court approvals and agreements with the creditors.
Mexicana suspended operations on August 28, 2010.
Read the full report by Bloomberg Businessweek: CLICK HERE
Copyright Photo: Ton Jochems.
Mexicana Slide Show: CLICK HERE

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