An already heated debate about Mexicana de Aviacion’s debt obligations has exploded in the past few days as creditors scramble to regain losses incurred by the carrier’s grounding in August 2010. At issue is a legal obligation by Mexicana to gain the approval of 51% of its creditors by value for any reorganization plan, which enables the company to proceed with its court-protected restructuring with the backing of just a small number of creditors holding large amounts of debt. In the ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Trouble Brewing For Mexicana Revival Bid As Creditors Step Up Complaints".
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.