TG Group stated it is interested in reviving the Mexicana Click and Mexicana Link operations of the Mexicana Group, once the main airline has resumed operations (El Universal, 16-Feb-2011). TG Group is investing in Mexicana to rescue the carrier from insolvency, after it ceased operations in Aug-2010. Mexicana is in talks with IATA seeking to re-enter the Bank Settlement Plan (BSP) as it works toward exiting bankruptcy proceedings. The carrier has conducted test flights in Mexico and to the US to get recertified so it can resume operations.
Mexicana investors look at resurrecting Click and Link operations
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Optimism, uncertainty and cost pressures offer an unpredictable mix for 2017
A sense of optimism prevailed among North American airlines as 2016 draws to a close. It is driven by the beginning of stabilised pricing in the US domestic market and an improved outlook for Western Canada after a marked drop in oil prices triggered a collapse in demand.
After two years of recession triggered plummeting demand to Latin America, the largest North American airlines serving the market started reporting positive revenue trends at the end of 2016; but the outlook for trans-Atlantic and trans-Pacific markets remains far more subdued.
Uncertainty over the UK Brexit vote, heightened competition and overcapacity were weakening airline performance in the trans-Atlantic and excess supply was also creating pressure in trans-Pacific markets.
And, as profitability and labour pressures provoke significant wage growth, the groundwork is being laid for another cycle of cost increases.