Aviation News

February 25, 2012

Mexicana Returns to the Skies This April

More articles by »
Written by: admin
Tags: , ,
A Mexicana Airbus A318 (XA-UBX) final approach

Nearly two years after running out of cash, filing for bankruptcy and grounding all flights, Mexicana de Aviación may resume operations as soon as April, according to published reports.

A Mexican bankruptcy judge ruled on Friday that Med Atlantic, a company led by Spanish entrepreneur Christian Cadenas, had met the financial requirements for taking over Mexicana with a $300 million investment. Deals have been reached with the airline’s creditors, and Mexico’s Transport Ministry is expected to issue a certificate of operation in the coming days, according to a CNN Expansion report.

Slots that had been ceded to other Mexican carriers in Mexicana’s absence will be returned to the airline. It was not immediately clear which routes the airline would fly.

Flights could begin in April using seven leased aircraft. A similar plan to relaunch the airline last year involved seven Airbus A320 jets.



About the Author

admin





 
 

 

BREAKING: North American Airlines Clings to Life, To Continue Flying…For Now

North American Airlines has announced plans to attempt to keep two aircraft flying, even as parent company Global Aviation Holdings is liquidated.
by NYCAviation Staff
6

 
 

BREAKING: World Airways Immediately Shutting Down

Following on the heels of competitor Evergreen International Airlines, World Airways CEO John Graber announced earlier today that World will cease operations immediately.
by NYCAviation Staff
48

 

 
(NYCAviation file photo)

Judge Approves AMR Exit from Bankruptcy

In a New York City courtroom Wednesday morning, a Federal Bankruptcy judge cleared American Airlines parent AMR to emerge from Chapter 11 bankruptcy. The judge's actions cleared all remaining legal obstacles to the merger of US...
by NYCAviation Staff
0

 
 

BREAKING: Global Aviation Holdings Enters Bankruptcy (Again)

Citing a global decline in demand for its chartered cargo and passenger transport services, NYC Aviation has learned Georgia-based Global Aviation Holdings tonight filed for Chapter 7 bankruptcy protection.
by Eric McKirdy
5

 
 
A Kingfisher Airlines Airbus A320 (VT-KEG) taxis at Bangalore. (Photo by marirs via wikipedia, CC-BY-SA)

India’s Kingfisher Revival Plan ‘Unconvincing’

A plan proposed by troubled Kingfisher Airlines is not enough to get it back in the skies, an aviation ministry official said on Friday.
by AFP
0