Gaston Azcárraga has summoned Mexicana Airlines stockholders to a special meeting a week from today to review the finances of the company. Mexicana is about to celebrate its 90th anniversary, but speculators are betting that it may not make it. The airline needs money and the government has declined to guarantee its bid for a $250 million loan. Firms that lease aircraft to Mexicana are said to be on edge. Proposed solutions are many, ranging from a merger with Aeroméxico to bankruptcy.
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Jimm Budd
Reporting from Mexico City
Member of the Society of American Travel Writers
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