Inside these posts: Mexicana

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Troubled airline Mexicana to shut down Saturday

Mexicana de Aviacion, one of Mexico’s two major airlines, will cease operations by midday Saturday while unions and new owners attempt one more time to find fresh cash to keep the ailing company alive.

“At midnight, a gradual shutdown will begin,” Transport Minister Juan Molinar said at a news conference Friday. “By Saturday at noon, operations will definitively cease.” Get the full story »