Mexicana struggles to survive, as consortium Tenedora K joins with pilots

The Tenedora K consortium, with 95% equity, and Mexicana's pilots' union with 5%, now reportedly own what remains of Mexicana de Aviacion. Operating now under Mexican and partial US (Chapter 15) bankruptcy protection, the carrier is a shell of its former self, apparently providing only domestic regional services through its local subsidiaries, Mexicana Click and Link; these two companies have been isolated from the bankruptcy proceedings and continue to operate more or less as normal, although the loss of any feed to and from the long-haul arm will be damaging.