Mexicana Profile

The objective of the Concurso Mercantil ―as insolvency proceedings are referred to in Mexican law― is to restructure costs and secure financial viability. Tuesday’s decision marked the beginning of the conciliation phase and, pursuant to the procedures stipulated by law and at the proposal of the Department of Communications and Transportation, the judge approved the appointment of Mr. Javier Christlieb Morales as administrator of Mexicana Airlines. Mr. Christlieb Morales assumed his duties on September 8.

Also at the behest of the Department of Communications and Transportation, in its capacity as the granting authority, Mr. Gerardo Badín Cherit’s appointment as arbitrator was approved by the judge. Mr. Badin Cherit will be responsible for facilitating restructuring agreements between the company and its creditors.

This ruling and the actions stemming from it will no doubt lay the foundations for the future of Mexicana Airlines.

Other Mexicana News

• Mexicana Airlines' insolvency petition accepted in conciliary phase
• Grupo Mexicana suspends flights until further notice
• Mexicana Airlines presents unions with reorganisation plan
• oneworld Alliance welcomes Mexicana on board
• Grupo Mexicana implements Oracle Complex Maintenance, Repair and Overhaul system
• Grupo Mexicana announce third airline: MexicanaLink
• Mexicana MRO services joins Airbus MRO network
• OMA reports decrease in passenger traffic
• Concession for new airline granted for Grupo Mexico
• Mexicana launches Mexico City-London Gatwick service