Originally Posted by
moa999
I think this is like US bankruptcy, ie it is more a restructuring process, the company continues to fly, and the bankruptcy just stops the secured creditors from reclaiming the assets (inc leased aircraft)
That's essentially the idea behind bankruptcy protection. They'll hold them off
until either: a) they eventually make it through somehow, or b) they give up.
For now, Mexicana will still fly and honor whatever they can.