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Mexican airlines in economic crisis

Mexico City, Mexico - According to the daily newspaper "Reforma", Aeromexico risks the bankruptcy

The Mexican daily newspaper "Reforma" yesterday published a document of Cintra group, the six main airlines of Mexico, that evidences losses for USD 150m in 2002 and USD 100m in the 2003 first quarter. "If the trend will not be inverted - daily newspaper said - exists the risk of failure for Aeromexico in next 18 months". A plan, already approved by pilot Union, previews a reduction job cost of 8%...

AVIONEWS - World Aeronautical Press Agency - 46567
Rome, Italy, 06/10/2003 12:25
AVIONEWS - World Aeronautical Press Agency

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