9 AUGUST 2010

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Article from BTNews 9 AUGUST 2010

Central America problems

MEXICANA, a member of oneworld, has filed for insolvency proceedings in Mexico and bankruptcy protection in the USA to enable it to restructure in line with what it calls “market conditions”.  The case is closely aligned to pilot wages said to be nearly 50% more than competing airlines.  Last Wednesday ticket sales were suspended.  Affiliates MexicanaClick and MexicanaLink, also part of oneworld, operate independently of Mexicana itself and are not affected by the mainline airline's reorganisation process. http://cmainforma.com/cma-informs

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