Mexicana Airlines to reduce flights

Mexicana Airlines announced it is forced to cancel flights between Mexico and Spain, England, Brazil, Argentina, and Costa Rica over coming days to optimise available resources and ensure that priority is given to home-bound passengers following the deterioration of the carrier's financial situation (MarketWatch/Reuters/Dow Jones, 09-Aug-2010). Meanwhile, the carrier is also reportedly in talks with three investor groups in inject funds into the carrier as it urgently seeks a buyer.

Mexicana pilots, represented by ASPA, agreed to defer their salaries for a "reasonable time" while continuing work. The carrier's flight attendants, represented by the union ASSA, are reportedly seeking a similar agreement. [more]

ASPA: "We aren't going to affect operations; we're going to keep flying. We've got a commitment to our passengers. It's the end of the high season, and we have the commitment to bring them back." Antonio Vargas, a spokesman for ASPA. Source: Dow Jones, 09-Aug-2010.