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Mexicana considers filing for protection from creditors

22-Jul-2010 12:42 PM

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.