Mexicana offered a half-lifeline
- Latest News
- Thursday, 19 August 2010
The Reforma newspaper said the cash Advent International would invest in Mexicana would depend on government willingness to temporarily supply free fuel and allow a deferral on payments due for using the country's airspace.
The potential investment is about half of what the airline's management says is needed to keep it operating.
Already, the carrier's pilots reportedly have agreed a preliminary deal that involves wage and staff cuts to keep the 89-year-old airline operating.
