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Canceled Flights and Unpaid Pilots Aren't Good Signs for Mexicana

Where: Mexico
August 11, 2010 at 10:46 AM | by | Comments (0)

Things are not going well for Mexicana. You already knew that they just became the latest airline to file for bankruptcy, and there’s that whole FAA downgrade thing that has to be a blow to their airline ego. It seems that the bad news is compounding quickly, and we might not be hearing much from them in a few months if their bad luck continues.

Last week the airline suspended ticket sales just days after filing for bankruptcy protection, but the airline promised that they would continue flying for those passengers that already held tickets. The airline hoped that this would give them some time to continue labor talks with some employees, but we just think that this reveals how bad things really are.

As of now the airline has cancelled plenty of flights, and you can find the full list right here. They will no longer be flying many of their international routes including trips from Mexico City to Buenos Aires, Sao Paulo, Caracas, Montreal, Vancouver, and San Antonio—among a few others. Despite all the cancellations, the airline is moving forward promising to return to its former glory.

We’ll see how things go over the next few days, but the airline’s CEO said that his company needs at least $100 million to keep the planes up in the air. At this point, pilots are a week behind in receiving their paychecks, so we don’t know where the airline can cut back any further. Some are speculating that AeroMexico could come in with an offer to buy the troubled airline. However, if nothing changes soon, it looks like we could be saying goodbye to Mexicana before the summer is over.

Related Stories:
· Mexicana - Business Reorganization [Official Site]
· Mexicana Needs at Least $100 Million to Keep Flying-CEO [Reuters]
· Airline News coverage [Jaunted]

[Photo: Ack Ook]

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