Mexicana Airlines files for bankruptcy

Mexicana Airlines has reported that it has filed for bankruptcy protection in Mexico and will seek to reorganize. What does this mean for aircraft lessors and other creditors of Mexicana Airlines?  

The Mexican Business Reorganization Act

Filed under:
Mexico, Aviation, Insolvency & Restructuring, White & Case, Bankruptcy, Debtor, Unsecured debt, Concession (contract), Mediation, Liquidation, Default (finance)
Authors:
Christian W. Hansen , Eugenio Bernal , Rodrigo Orozco Waters
Location:
Mexico
Firm:
White & Case