The Mexican government has asked a judge to replace the conciliator in Mexicana de Aviacion airline’s bankruptcy proceedings: “Practically two years since bankruptcy proceedings began, the company has not managed to restructure (its debt) nor has a viable scheme emerged to protect the (airline’s) assets,” the Communications and Transportation Secretariat said in a statement. The conciliator, Gerardo Badin, is tasked with facilitating the signing of a creditors’ agreement that guarantees the bankrupt company’s future viability but as yet no such agreement has been reached despite the Med Atlantica group acquiring 95% of Mexicana in May. The government claims that the
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