Mexicana Airlines Flights Will Return To Puerto Vallarta Skies In May 2011

Jan. 7, 2011 - PRLog -- PUERTO VALLARTA , MEXICO

Mexicana Airlines, which suspended all flights in August 2010 under bankruptcy proceedings, will return to Puerto Vallarta’s sky in May 2011 according to Deputy Transportation Secretary Humberto Trevino who is close to the negotiations.  Read more details about labor negotiations and impact to Puerto Vallarta's airport passenger traffic at http://RentalsInVallarta.com/tag/flights

BANKRUPTCY NEGOTIATIONS UNDERWAY

Mexicana Airlines will emerge from bankruptcy as a much smaller entity thanks to bankruptcy negotiations spearheaded by Gerardo Badin. Mexicana Airlines owes about US$900-million from prior operations.

A new investor group will contribute US$200-million in capital mainly to settle labor terminations and emerge from bankruptcy. The investor group is spearheaded by PC Capital, Grupo La Costeña and other private investors.

The 89-year-old airline last flew 22,000 passengers with 220 daily flights and suspended operations on August 28.

BUSINESS OPERATIONS UNDER NEW MANAGEMENT

Avianca will operate the company domestically while American Airlines continues its marketing agreements overseas.

Mexicana Airlines will fly a fleet of nine Airbus A319 and A320 planes owned by Aviation Capital Group, CIT and Bancomext.

LABOR NEGOTIATIONS PARTIALLY RESOLVED

Fernando Perfecto, General Secretary of the Mexican Pilots Union (ASPA), indicated that 26 pilots are ready to begin certification procedures in Mexico with the newly acquired planes. Other unions, including mechanics, land and flight personnel, are still in negotiations without any current information available.

PLANNED FLIGHT SCHEDULES

Initially Mexicana Airlines will start operations with domestic flights to Mexico City, Cancun and Guadalajara. International flights will include Los Angeles, San Antonio, San Francisco, Chicago, Las Vegas, Miami and New York.

Subsequently Mexicana Airlines plans to expand its domestic flights to Monterrey, Veracruz, Oaxaca, Puerto Vallarta and Tuxtla Gutierrez. International flights will increase to Bogota, Guatemala, El Salvador, Havana, Costa Rica, Orlando, Toronto, Vancouver, Montreal and Calgary in Canada.

Puerto Vallarta, airport managers expect a slow recovery of passenger traffic during 2011 as a result of the emergence of the new Mexicana Airlines.

# # #

http://RentalsInVallarta.com/tag/flights specializes in uncovering Puerto Vallarta flight deals, hotel specials and condo rental specials to stretch your travel dollar in Puerto Vallarta Mexico. Our retirement section provides monthly rentals and long-term leases for seniors watching their budgets. Our luxury villas are fit for celebrities and heads of corporations looking for privacy and pampering. Visit our website for the latest money saving tips and hidden gems.