Passengers of Mexicana Airlines were disappointed last August when it declared bankruptcy and canceled all its flights. A new, leaner, airline would fly just 30 aircraft on 23 routes, six of them domestic and 17 international, mostly to the US and Canada, officials have revealed.Mexicana de Aviacion has suspended all flights, three weeks after filing for bankruptcy protection as a last-minute rescue package failed to materialise.A consortium of Mexican businessmen has bought a 95 percent stake in the holding company that controls Mexicana, in a deal that is hoped will secure the fortunes of the troubled carrier.Mexicana de Aviación chief executive Manuel Borja has confirmed the stricken airline will require an immediate investment of between $100 million and $150 million. It also started flying daily from San Antonio to Mexico instead of four times a week.The additional flights came mostly as part of Aeromexico's strategic plan to recover from 2009, when the U.S. economy slowed and Mexico's travel sector suffered from the H1N1 virus, Goytortua said.Last year, Aeromexico and its affiliated airlines transported 11.6 million passengers, 12 percent more than in 2009.Low-cost Mexican carrier VivaAerobus also began flying twice weekly out of Welcome to {{displayDomain}} , a US site operated by Expedia, Inc., a Washington corporation. LAX's AiRadio 530 AM traveler information station will broadcast announcements to reach travelers even before they come to the airport. A festive welcome greeted Mexican dignitaries who disembarked at Terminal B's customs area Thursday morning, marking Mexicana's return. Reportedly, this new plan needs to restructure $800 million of debt and will reduce Mexicana from a fleet of more than a hundred planes to about thirty. Mexicana is placing its staff on both levels in the terminal to direct travelers to and from their new temporary ticketing lobby. "Mexico is a good market to be in. November 16, 2010 According to USA Today, the recently bankrupt Mexicana Airlines may be back in the sky before the year’s end. There have been some attempts to bring the airline back to life since then but all have failed and a judge declared the airline … Mexicana Airlines in Mazatlan. While ticket sales have been suspended following route cuts earlier this week, the airline continues to insist departures will continue to operate as normal.Mexicana’s position in the oneworld® alliance is unaffected by the announcement today that the airline has filed for insolvency proceedings in Mexico and bankruptcy protection in the USA to enable it to restructure into line with market conditions.The crisis at Mexicana de Aviacion appeared to deepen last night as the airline indefinitely suspended ticket sales as it struggles to restructure its debts. The flight was going to be part of Terminal D's July 6 opening celebration, but the terminal won't be ready until July 23 -- and business won't wait for belated ceremonies, Fegan said. Mexicana Airlines, which was Dallas/Fort Worth Airport's original international airline when the airport opened in 1974, is back after a 13-year absence. Interjet has definitively ruled out the acquisition of rival Mexicana, which was grounded last year following financial difficulties. Continental has also added service and increased the size of the planes its flies to other Mexican cities.Dallas-based American Airlines and regional partner "The exit of Mexicana allowed some opportunities that have been covered by various airlines," said Goytortua, who is based in the Houston office of Aeromexico, said he's not worried about competition from U.S. airlines because Aeromexico competes by offering its passengers food and free alcoholic beverages during its flights at a time when many international carriers have cut back on such services.Aeromexico also added flights to the U.S., but not until after Dec. 1, when the Last year, Aeromexico added a third daily flight from Houston to Mexico City. Compania Mexicana de Aviación SA is considering plans to shed half its workforce as it seeks to return to the skies in December. Photo: Alfredo Estrella:, AFP/Getty Images At the same time the aircraft lessors began seeking their aircraft back, the airline found itself falling nearly a month behind in paying for its fuel, with the Mexican government keeping its fuel flowing. After ceasing operations in August, Mexicana said that they have decided to accept an investment/business plan from “a tiny … It intended to return to Puerto Rico, but the service came back only as a charter operation. The airline plans to resume service soon.Passengers of Mexicana Airlines were disappointed last August when it declared bankruptcy and canceled all its flights. Mexicana ceased operations on August 28, 2010.
Stricken airline Mexicana de Aviación has said it expects to be granted a three month extension to bankruptcy protection as it seeks to return to the skies. MEXICO CITY -- Mexicana airline, once Mexico's leading carrier, said Friday it expects to start flying again in April after spending the past 18 months grounded in bankruptcy. The carrier declared bankruptcy and stopped flying last summer but recently announced it plans to resume some flights soon.It plans to start service with seven planes and then increase to 40 jets by the second half of this year.Internationally, the Airbus 320 planes will fly to San Antonio, Los Angeles, Chicago, Miami and Havana as well as seven Mexican cities.PC Capital's group of Mexican investors raised money to allow the carrier to resume operations. The airline plans to resume service soon.Passengers of Mexicana Airlines were disappointed last August when it declared bankruptcy and canceled all its flights.
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