Breaking News Bar
updated: 4/4/2014 4:39 PM

Mexico ends bid to revive Mexicana airline

hello
Success - Article sent! close
 
Associated Press

MEXICO CITY -- A Mexican judge has ordered an end to efforts to revive moribund Mexicana airlines through bankruptcy proceedings, saying no credible new investor has expressed interest in the carrier.

Before it stopped flying in 2010 because of financial problems, Mexicana was among the world's oldest continually operating airlines.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Mexicana began flying in 1921, after carriers like Australia's Qantas and Colombia's Avianca.

Mexico's Federal Judiciary Council said Friday the decision means an administrator will be appointed to start selling off the privately owned company's assets to repay creditors.

The flight attendants' union says it will appeal the decision, which follows a torturous four-year bankruptcy proceeding.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here