28-Oct-2010 1:33 PM

Liabilities of Mexicana de Aviacion total USD725m

Mexico’s Communications and Transportation Secretary Juan Molinar, announced the liabilities of Mexicana de Aviacion, which ceased operating in Aug-2010, total MXN9 billion (USD725 million) (lath.com, 27-Oct-2010). Mr Molinar stated "if we find some investor who is willing to reach an agreement with all the creditors, including the unions, then the company would be saved; otherwise, it will be very difficult.”

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More