Bankruptcy has, unfortunately, become a fact of life for the airline industry, but even after so many of its flaws have been exposed, the collapse of Compania de Mexicana provides an illuminating insight into how an airline with links to Charles Lindbergh can be so easily felled. While an aggressive expansion plan, excessive costs and overcapacity provided the platform for Mexicana’s bankruptcy, brinksmanship could be the final straw. We need look no further than the negotiations between ...


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