Mexican rescue

MEXICANA, which earlier this month filed for bankruptcy protection appears to have been saved.  News came late Friday that a consortium of Mexican investors have acquired 95%  of Nuevo Grupo Aeronautico, the holding company controlling Mexicana de Aviacion and two domestic airlines, Mexicana Click and Mexicana Link.  In a statement it said the acquisition was only the first step of a process to recapitalize the ailing airline and return it to solvency.  Called Tenedora K, the group includes the Mexican hotel group Posadas; Omega, a construction company, and insurance corporation Arizan.  Mexicana Click and Mexicana Link have continued to fly but Mexicana suspended 15 mainly long haul services including London, Madrid and Montreal. www.mexicana.com

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