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Mexican government buys Mexicana de Aviacion brand for $42 million

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Mexicana de Aviación brand plane

Mexicana de Aviación brand plane

The Mexican government reported on Saturday that it had bought the Mexicana de Aviación brand for 817 million pesos, or about $42 million. The aim is to resume flying under the command of the Ministry of Defense.

As reported by Fausto Guerrero, leader of the Association of Retired, Workers and Ex-Workers of Mexican Airlines (AJTEAM), in a statement to the Mexican newspaper La Jornada, the government is now trying to identify airline brands and old Acquiring facilities. ‘.

The agreement was signed Friday afternoon at a meeting at the headquarters of the Ministry of Labor and Social Welfare (STPS), which was attended by trade union organizations and labor authorities, in addition to the bankruptcy trustee.

“Finally, Mexicana will resume flights managed by Cedena (Ministry of Defense). President’s (Andrés Manuel López Obrador) offer for the entire package of brands, training centers, two buildings and one building. We accept Guadalajara and another location in Mexico City.The offer was approximately 817 million pesos.

The transaction value was “considered part of the liquidation of former workers, who were 8,500 former workers and 650 retirees.” “The award represents a debt of approximately P9 billion. Obviously, given the circumstances of not having sufficient assets to cover the debt, these P817 million will be distributed to former employees. he said.

Guerrero expressed delight at the fact that “Mexicana will fly again under that name and remain in Mexican hands.” With this process, Mexico is destined to resume flying,” he said.

Mexicana’s last flight departed from Mexico City International Airport on August 28, 2010 for Toronto, Canada.

Source: Diario.Elmundo

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