Originally Posted by CHIC SILBER
The heavily-indebted airline said flights would continue while it restructured its finances.
I was always wondering why they are expanding so rapidly (MAD, LGW, GRU) during these hard times. They would probable do much better, by sticking to their traditional short-haul (plus EZE) business model.
EDIT -just received this e-mail from MexicanaGO:
Regarding the Insolvency Proceedings in Mexico and Bankruptcy
Protection in the U.S. that our MexicanaGO Partner Airline - Compañía
Mexicana de Aviación (CMA) – filed today, we would like to clarify the
following: As stated in MexicanaGO’s Terms and Conditions which have
been dully accepted by all our Members, the company that owns, manages
and operates MexicanaGO is MexicanaLoyalty (Servicios Frecuenta).
MexicanaLoyalty is totally independent form CMA, even as they are both
subsidiaries of Grupo Mexicana. Of the 18 MexicanaGO airline partners
for GO Points accrual and redemption, three are subsidiaries of Grupo
Mexicana (Mexicana, MexicanaClick y MexicanaLink) and the balance (15)
are domestic and international airlines associated with the Program.
CMA is a very valued Airline Partner, but it is only one of close to
100 companies that offer GO Points to reward loyalty in their
products, and is only one of 18 airlines that provide Rewards in
exchange for those GO Points. The standing and balance of GO Points in
a member´s account is completely independent from the situation of CMA
or of any individual MexicanaGO Partner. The balance is the sole
responsibility of MexicanaLoyalty with no relevance to the origin of
those GO Points. Many MexicanaGO Members have GO Points earned with
companies that are no longer MexicanaGO Partners without any impact to
their balance. Regarding redeemed Reward Tickets with the different
MexicanaGO Airline Partners, these represent a contract of
Transportation between the Airline and the Passenger in the same way
that purchased tickets with cash. It is the Airline’s responsibility
to transport or protect that passenger according to each Airlines
terms of service. MexicanaLoyalty has no responsibility for this
transportation service, although we are happy to provide all the help
to ensure that Reward holders get the same treatment as any other
passengers. MexicanaGO wishes our Partner and sister company success
in this labor negotiations, however we want to clarify that the value
of the MexicanaGO Program is the combination of the strength of close
to 100 Partners, among which are 18 Airlines that cover most of the
Globe, the best hotel chains in Mexico and the World, the best
Boutique Hotels in Mexico, the best two Global Rental Car companies,
many Restaurants, the leading Credit and Service Co-Branded cards in
Mexico, and multiple Financial Institutions. We would like to take
this opportunity to thank you all for your loyalty.