Bankrupt Mexicana de Aviacion’s planned August relaunch has slipped as negotiations with creditors continue longer than expected. The airline in April unveiled plans to relaunch in June, but the date quickly slipped to August as terms of the deal with new owner, Med Atlantica, were finalized. Med Atlantica also initiated talks with the airline’s two largest creditors, Bancomext and Banorte, over outstanding debt. The terms of the creditor deals included the termination of a portion ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Mexicana Relaunch Slips Again As Creditor Talks Fail To Reach Accord".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.