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Posted on: August 4th, 2010 by Paul Mayer
It now seems that the well known international airline, Mexicana, has been forced to cancel a number of routes to the United States. This was due to the company’s financial woes, which are threatening its future.
The airline went on to cite operational needs as the reason for why the company would be superseding four daily flights from Los Angeles International Airport to Mexico. Apparently these flights are going to be suspended until September at the very least. However, it is possible that these flights will be delayed even longer.
Other services to places like Puetro Vallarta, Mexico City and Guadalajara will also be canceled. However, a full list of all canceled flights can be found on the airline’s website. At the current time, Mexicana operates some 15 daily departures from LAX. The airline carries some 1.3 million passengers annually. Apparently the airline is the busiest foreign-based airline at the airport.
Executives at the Mexico City-based airline met with some investors on Friday to discuss the possibility of filing for bankruptcy. No decision has been made so far. However, it is safe to say that the financial future of the airline remains in doubt.
Back in May, Mexicana delayed the planned issuance of $250 million in five-year bonds after the airline failed to secure a partial loan guarantee from the government. These canceled flights follow protests over the weekend, which saw over 500 pilots and cabin crew demonstrate inside Benito Juarez International Airport in Mexico City.
Reports suggest that passengers that are affected by the cancellations will be re-booked onto other Mexicana flights. However, it is possible that these passengers will have to be booked with other airlines.