Gaston Azcárraga, who resigned as boss of Posadas de Mexico (Fiesta Americana, etc.) and since has sold his holdings in the group, is suing management of the firm, which now is headed by his brothers. Posadas was founded by the father of the Azcárraga boys and has grown into Mexico’s largest hospitality group. Disaster struck when Posadas acquired Mexicana Airlines. The airline is now in bankruptcy proceedings and has not flown for
more than three years.
--
Jimm Budd
Reporting From Mexico City
Member of the Society of American Travel Writers
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