Mexicana Grounds Canada Flights

Mexican airline Mexicana said last week it had cancelled flights from DF to Montreal and Calgary as a direct result of grounding actions requested by an unnamed creditor. “The airline considers that the measures taken by the lessor are legally unjustified and a direct consequence of erroneous information provided by different media outlets,” says Mexicana. It adds that it is working with authorities to resolve the issues as soon as possible to minimize any further disruption. Mexicana is considering filing for creditor protection as one of 3 options for keeping it operating, Reuters reported last week, citing the head of Mexico’s flight attendant union. It adds that the airline is in talks with at least 10 creditors in a bid to ease its financial troubles, according to spokesman Adolfo Crespo. Reuters cites Crespo saying that Mexicana has a $123m loan from Banorte and another $76m line from Bancomext.