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16-Feb-2011 12:48 PM

Mexicana in talks with IATA to rejoin key ticketing and settlement system

Mexicana is reportedly in discussions with IATA to rejoin key ticketing and settlement systems as the company seeks to emerge from bankruptcy proceedings (Dow Jones, 15-Feb-2011). IATA reportedly stated that "if Mexicana is able to comply with the rules of the system and submit the necessary security deposit, they are welcome to again become active." IATA suspended Mexicana from its financial settlement system and inter-airline billing clearinghouse in Aug-2010 when the carrier was unable to post a security deposit.

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