DieselDragRacer
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By Ben Mutzabaugh, USA TODAY
Don't write off Mexicana just yet. The bankrupt Mexican carrier halted flights in August, but it could resume flying as a smaller airline by mid-December, according to several media accounts.
Reuters writes "Mexicana said on Wednesday that it has picked the business plan from a tiny Mexican boutique investment firm [PC Capital] as the best option to return the troubled airline to the skies by year-end."
Bloomberg News writes the deal hinges on whether "unions and other creditors accept [the] 1.9 billion-peso ($155 million) proposal to rescue the bankrupt airline, a government official said." The unions would end up with a stake in the rescued carrier as part of the proposal, according to Bloomberg.
The Wall Street Journal writes "under PC Capital's plan, Mexicana would fly 30 planes, down from more than 100 before the bankruptcy filing. Domestic carriers Click and Link wouldn't resume operations."
Bloomberg, which puts Mexicana's proposed new fleet at 28 planes, says the carrier would fly seven domestic routes as well as 17 international routes from Mexico to the USA and Central America.
The Journal adds all of restructured Mexicana's "aircraft would be in the Airbus A320 family to save money on maintenance, repairs, crew training and operating efficiency."
http://travel.usatoday.com/flights/post/2010/11/mexicana-to-fly-again/130787/1
Don't write off Mexicana just yet. The bankrupt Mexican carrier halted flights in August, but it could resume flying as a smaller airline by mid-December, according to several media accounts.
Reuters writes "Mexicana said on Wednesday that it has picked the business plan from a tiny Mexican boutique investment firm [PC Capital] as the best option to return the troubled airline to the skies by year-end."
Bloomberg News writes the deal hinges on whether "unions and other creditors accept [the] 1.9 billion-peso ($155 million) proposal to rescue the bankrupt airline, a government official said." The unions would end up with a stake in the rescued carrier as part of the proposal, according to Bloomberg.
The Wall Street Journal writes "under PC Capital's plan, Mexicana would fly 30 planes, down from more than 100 before the bankruptcy filing. Domestic carriers Click and Link wouldn't resume operations."
Bloomberg, which puts Mexicana's proposed new fleet at 28 planes, says the carrier would fly seven domestic routes as well as 17 international routes from Mexico to the USA and Central America.
The Journal adds all of restructured Mexicana's "aircraft would be in the Airbus A320 family to save money on maintenance, repairs, crew training and operating efficiency."
http://travel.usatoday.com/flights/post/2010/11/mexicana-to-fly-again/130787/1
