MEXICANA TO RESTART WITH SEVEN AIRCRAFT ON ELEVEN ROUTES

Airline Mexicana de Aviacion confirmed yesterday that it has made significant progress in its debt restructuring negotiations, and expects to resume flights “soon” with seven aircraft on 11 routes. Mexican, which was grounded last August amid bankruptcy proceedings, said in a press release that it expects to be operating 40 aircraft and more than 40 routes in the second half of 2011. The company said it has reached agreements with enough creditors to carry out its restructuring, and that it should start selling tickets in coming days. Passengers who held tickets before the carrier’s grounding will be able to redeem