Adios Mexicana; North America’s largest airline ceases operations
After struggling against the odds for over three weeks, Mexicana de Aviacion, on 27-Aug-2010 announced that all operations, including those of the group’s regional subsidiaries, MexicanaClick and MexicanaLink, would cease on 28-aug-2010. The not-unexpected outcome was attributed by Mexicana’s new owners, Tenedora K to “the group’s delicate financial situation when it changed owners a week ago, compounded by failure to reach agreements that would allow for the capitalisation of its three airlines.”
