At midnight, bankrupt Mexicana airline to stop operating
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Pastor Dale Morgan
Aug 27, 2010, 8:47:44 PM8/27/10
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Perilous Times
At midnight, bankrupt Mexicana airline to stop operating
Mexico's biggest airline, Mexicana, is out of money and will stop all of its operations at midnight, the country's transportation chief has announced. The carrier filed for bankruptcy protection earlier this month and is trying to restructure its business.
The airline blamed its financial troubles on last year's swine flu outbreak, which scared away travelers for months; the global economic slowdown; high jet fuel prices; and labor costs.
Mexicana flies to more than 65 national and international destinations, including the United States, Canada, Central America, South America and Europe.
At midnight, bankrupt Mexicana airline to stop operating
Mexico's biggest airline, Mexicana, is out of money and will stop all of its operations at midnight, the country's transportation chief has announced. The carrier filed for bankruptcy protection earlier this month and is trying to restructure its business.
The airline blamed its financial troubles on last year's swine flu outbreak, which scared away travelers for months; the global economic slowdown; high jet fuel prices; and labor costs.
Mexicana flies to more than 65 national and international destinations, including the United States, Canada, Central America, South America and Europe.
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