Faltering airline Mexicana has ceased trading after a group of investors failed to agree a cost cutting deal with union bosses. The largest airline in Mexico terminated its service from Gatwick to Mexico earlier in the month and although it was temporarily re-instated the company has now stopped flying altogether.
The company’s website read “Financial deterioration and lack of agreements force Grupo Mexicana to stop flying” the closure also affects Mexicana Link and Mexicana Click all stopped trading on midnight last Friday.
It is just the latest casualty in a growing list of travel firms that have gone bust in 2010
Monday 30 August 2010
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