Back to the drawing board for Mexicana

: Latest News; Thursday, 03 March 2011

Mexico's failed Mexicana is back looking for investors after the preferred white knight, PC Capital, failed to raise the US$200 million it promised to get Mexico's biggest airline flying again.

Now TG Group, which is backed by a different alliance of Mexican businessmen, says it aims to provide US$150 million cash for Mexicana and to renew flights with a fleet of 62 aircraft.

Before it collapsed, Mexicana had 106 planes.

Back to the drawing board for Mexicana

Latest News

Thursday, 03 March 2011

Mexico's failed Mexicana is back looking for investors after the preferred white knight, PC Capital, failed to raise the US$200 million it promised to get Mexico's biggest airline flying again.

Now TG Group, which is backed by a different alliance of Mexican businessmen, says it aims to provide US$150 million cash for Mexicana and to renew flights with a fleet of 62 aircraft.

Before it collapsed, Mexicana had 106 planes.