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22-Jul-2010 12:42 PM

Mexicana considers filing for protection from creditors

Mexicana announced plans to file for Concurso Mercantil (bankruptcy proceedings) in 2010, allowing the carrier to restructure debt using Mexico’s insolvency law (Reuters, 21-Jul-2010). The carrier stated in May-2010 it hoped to return to profitability in 2010 after two years of losses.