Mexicana filed for bankruptcy Monday in the United States and Mexico. It issued a press release and called a press conference Monday evening to announce that “the company’s financial and labor situation is no longer sustainable.” The company stated that it sought bankruptcy protections “to restructure its cost and insure the viability of the company.” [...]
The United States has downgraded Mexico from a Category 1 to Category 2 International Aviation Safety Assessment (IASA) rating. U.S. regulations prevent air carriers from Category 2 nations from launching new services to the United States, although they are allowed to maintain existing services. The U.S. Federal Aviation Authority, under the IASA program, assesses the [...]
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