Friday, March 9, 2012

Airlines

Aeroméxico management has announced that the carrier will invest $2.5 billion as it adds 27 aircraft to its fleet during the next three years. The assumption seems to be that Mexicana never will fly again. A bankruptcy court revealed that $300 million is ready to be invested in Mexicana once authorization to fly is given by the Transportation Ministry. The ministry says no authorization will be given until the money actually is invested. Much of the cash may be claimed by debtors, including those who hold tickets they never were able to use.


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Jimm Budd

Reporting From Mexico City

Member of the Society of American Travel Writers

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