Mexicana potrebbe riprendere i voli

[speedbird437]

Mexicana 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 (ATW Daily News, Aug. 30, 2010).

Federal judge Felipe Consuelo accepted and approved the deal, based on Med Atlantica’s ability to take over the airline from major shareholder Tenedora K business group, according to Mexican press. The company had 95% shares in holding company Nuevo Grupo Aeronáutico, which also owned subsidiaries Mexicana Click and Mexicana Link. The Mexican Airline Pilots Union (ASPA) owned the remaining 5%, which also have been purchased by the Spanish group.

CEO Christian Cadenas told the press that part of the share payment is due immediately and final payment is due within 14 years. The share sale is only part of the process, however, as Med Atlantica must now negotiate debt payments to creditors and the 8,600 employees who have not received wages since Aug. 2, 2010.

ASPA said that 280 pilots are being trained on simulators and in MX’s parked aircraft as the carrier gears up to restart operations with nine aircraft next month. However, the airline must get an air operators certificate from the director general of civil aviation before returning to the air, as well as slots frozen in 2010.

Med Atlantica, which owns the Blue Bay hotel chain, with 18 units in 13 countries, including Mexico, also has a major stake in Air Transat, Canada’s leading charter carrier.
Discuss this news 1

fonte: ATW

 

[ZannaIT88]

E con questo siamo al terzo annuncio di ripartenza... prima del fallimento del secondo rilancio dell'anno scorso, skyliner riportava addirittura di un A320 a MEX riverniciato con una nuova livrea.

 

[AZ209]

Analisi su Mexicana di flightglobal

[h=1]ANALYSIS: What future awaits a revived Mexicana?[/h]
Complex questions still face Mexicana's relaunch and the one receiving the least attention is what kind of airline it will be.

In four months since approval of Med Atlantica's bid to acquire Mexicana, the most visible progress has been its purchase of the airline from a holding company that had held its shares since Mexicana stopped flights and entered court-supervised bankruptcy protection in August 2010.

Med Atlantica is now preoccupied with trying to reach accord with creditors over how to restructure some $800 million in Mexicana debt. Talks with two major banks, Bancomext and Banorte, report little progress. A majority of creditors can bind all, so it is theoretically possible to reach a deal without including the bank. But Mexicana's administrator Gerardo Badin claims settlement with both banks is critical because one holds security interests in nine aircraft that Mexicana needs, and the other will eventually process credit card transactions for the airline.

Christian Cadenas, head of Med Atlantica, foresees three major tasks before Mexicana can exit bankruptcy and start flying: restructuring liabilities with the two banks, signing an accord with a majority of the other creditors, and obtaining an air operator's certificate from the Mexican secretary of communications and transportation (SCT).

Not on his list, but of equal importance, is the return of Mexicana's routes and slots, especially at Mexico City's slot-restricted airport. The bankruptcy judge ruled that after the airline's grounding Mexicana would retain those rights, even if they were provisionally awarded to other airlines. Since then, Interjet, Volaris and Aeromexico have more than filled Mexicana's void, partly with some 40 domestic and international routes that belong to Mexicana. Recently the judge reaffirmed they must be returned.

Major disputes have erupted over what comes first. The SCT says it will not order any return of routes and slots until Mexicana has its AOC, and Mexico City's airport will only reassign slots as Mexicana actually needs them. Airport director Hector Velázquez Corona says it makes no sense to give Mexicana slots for the 109 aircraft it operated before grounding, when it plans to resume flights with less than 10.

However, unions threaten to sue the other airlines for "kidnapping" Mexicana's routes and slots. As a further complication, sources claim the banks will not agree to settle until Mexicana's routes and slots are returned and the AOC is guaranteed, while the SCT insists it cannot issue an AOC until Mexicana signs an accord with its creditors.

Until such questions are resolved, no one is paying attention to the broader issue of what kind of airline Mexicana should become. Christian Cadenas says Mexicana will start with seven aircraft - probably Airbus A320s - flying seven routes, progressively increasing to a fleet of 44 jets in 12 months. With a gradual return to routes it flew before, the apparent plan is to pick up where Mexicana left off in 2010 - as a full-service network carrier with domestic and international routes.

This overlooks how much Mexico's market dynamics have changed in the past two years. On domestic routes, Mexicana will face fierce low-cost competition from Volaris, Interjet and VivaAerobus, which are growing at double-digit rates. Aeromexico's growth has been slower, but has been strengthened by its equity alliance with Delta, boosting its presence in all major markets with routes that are not provisional.

Mexicana's return to its activities of August 2010 would be a return to what led to its bankruptcy in the first place. It needs a new business model, but so far its new owners seem too preoccupied to give this much thought.​

http://www.flightglobal.com/news/articles/analysis-what-future-awaits-a-revived-mexicana-373219/

 

[777Aeromexico]

E dopo quasi 4 anni di tira e molla, ieri Mexicana è stata ufficialmente (e come era prevedibile) dichiarata in bancarotta. Dispiace davvero veder finire così una compagnia che ha fatto la storia dell' aviazione messicana e non solo, ma ormai era davvero l' unico finale possibile per questa vicenda.

http://www.reuters.com/article/2014/04/04/us-mexico-mexicana-idUSBREA331VA20140404

 

[Brisso]

E dopo quasi 4 anni di tira e molla, ieri Mexicana è stata ufficialmente (e come era prevedibile) dichiarata in bancarotta. Dispiace davvero veder finire così una compagnia che ha fatto la storia dell' aviazione messicana e non solo, ma ormai era davvero l' unico finale possibile per questa vicenda.

http://www.reuters.com/article/2014/04/04/us-mexico-mexicana-idUSBREA331VA20140404

Mexicana de Aviacion dichiarata fallita, ordinata vendita di beni
CITTA 'DEL MESSICO, Messico - Un giudice messicano ha dichiarato Mexicana de Aviacion, una delle compagnie aeree più antiche dell'America Latina, in bancarotta e ha ordinato la vendita dei beni della società piena di debiti.
L'azienda, fondata nel 1921, aveva sospeso le sue operazioni nel mese di agosto 2010 ed era sotto una forma di protezione dalla bancarotta consentendo alla società di negoziare con i creditori e fare piani di ristrutturazione.
Gli investitori hanno espresso interesse per la società, ma un salvataggio finanziario non si è mai materializzato, nonostante le proroghe fornite dal giudice per dare alla società più tempo per trovare una soluzione.
Un giudice distrettuale ha dichiarato la società "in stato di fallimento" e ha ordinato la vendita dei "diritti e dei beni" per ripagare i creditori.
La compagnia aerea volava in 22 paesi, trasportando 22.000 passeggeri al giorno
http://www.eturbonews.com/

 

[matteoc]

Aveva una livrea che vagamente ricorda quella del Friuli. O viceversa.