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Mexicana airline needs US$100 mln to keep flying

Mexico City, Mexico - CEO Borja and unions talking to investors, trying to raise funds

Mexicana airline's CEO, Manuel Borja, said the debt-ridden company needs an infusion of at least US$100 million to go on. Mexico's largest airline filed for bankruptcy protection in Mexico and the United States on Aug. 2 while it seeks to restructure its costs. The carrier announced later last week that it had stopped selling tickets and then suspended some flights. Borja said in an interview with...

AVIONEWS - World Aeronautical Press Agency - 1120082
Rome, Italy, 08/13/2010 12:35
AVIONEWS - World Aeronautical Press Agency

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