oneworld - Mexicana purchased by Spanish investor

source: http://atwonline.com/airline-finance-data/news/spanish-investor-acquires-bankrupt-mexicana-may-relaunch-june-0521

exicana Airlines (MX), which suspended operations under severe financial distress in August 2010, may relaunch operations June 9 after Spanish hotel and air transport group Med Atlantica acquired 95% of the bankrupt carrier’s shares.

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See:
http://www.flyertalk.com/forum/oneworld/1348884-looks-like-maybe-just-maybe-mx-will-back.html

http://atwonline.com/airline-finance-data/news/spanish-investor-acquires-bankrupt-mexicana-may-relaunch-june-0521

anyways june has passed apparently they have legal problems now, if they do come back though they get all their slots which means they can grow quickly

Some more recent articles
http://www.flightglobal.com/news/articles/analysis-what-future-awaits-a-revived-mexicana-373219/
http://latino.foxnews.com/latino/news/2012/08/10/judge-in-mexican-airline-bankruptcy-case-removed/
http://latino.foxnews.com/latino/news/2012/08/30/mexican-govt-names-new-mexicana-administrator/

If it does revive I suspect it will be substantially smaller.