Programs: UA 1K, AA EXP, Hyatt Diamond, Hilton Gold, G.E./NEXUS, AMEX Gold, TSA Disparager Unobtanium
Posts: 15,539
Mexicana Suspends ALL Operations!
Quote:
Originally Posted by CBC News
Debt-ridden airline Mexicana de Aviacion is halting all operations, Mexico's transportation secretary said Friday.
Juan Francisco Molinar Horcasitas told reporters in Mexico City the struggling carrier will cease all flights and other activity as of midnight Friday night.
Mexicana said on Aug. 5 it was suspending selling tickets but would continue operating flights for passengers who had already bought them. It ceased operations Friday.
Mexico's largest airline filed for bankruptcy protection in Mexico and the United States on Aug. 2 while it sought to reorganize itself.
Three days later it announced that it had stopped selling tickets and then suspended some flights.
Programs: DL Silver Medallion (again), US Dividend Miles
Posts: 24,401
Yes, unfortunately, it wasn't good enough due to trouble the financial problems. That's why MX is still losing the money all of the times. It was not their own fault to saving the operating costs. It was so terrible airlines and it does not have more extra carefully to keep the operating costly down. It wasn't real big concerns. I believe there is no choice to cease operations by noon tomorrow. It will stop flying to USA and it won't necessary to save the airlines and it wasn't supposed to save the money for the future. Why can't be cutbacks all few routes?
What is exactly gonna do for the entire aircraft will returns back to lessors?
At least those greedy pilots will be out of a job!
They can now apply in the real world for new job at industry standard pay and at the bottom of the seniority list.
There are similarities to how Ansett went belly up.
ANSETT-
Long history airline, enjoyed duopoly with Qantas-TAA for many years
Suddenly LCCs come (Impulse, Virgin Blue)
A/c get grounded
Enter bankruptcy
Tried to restructure into an Ansett Mk 2
Failed and ceased ops
MEXICANA-
Long history airline, enjoyed duopoly with Aeromexico for many years
Suddenly LCCs come (Volaris, Interjet)
A/c get grounded/ reposessed
Enter bankruptcy
Tried to restructure by shifting everything to Click and Link
Failed and ceased ops
Now thinking about it is it almost eerily similar.
Mexicana Suspends ALL Operations!
