Mexican banking concern Ixe Grupo Financiero SAB said Tuesday that it may participate "with a very small stake" in grounded airline Grupo Mexicana if negotiations to bring the carrier out of bankruptcy proceedings are successful, Dow Jones Daily Bankruptcy Review reported.

Bernard Callebaut is making a final bid to save his company which went into receivership in early August, The Calgary Herald reported. In a new release issued today, Callebaut said: "These have been very trying times, and strengthened by the love of my family and the support from Calgarians, I am sourcing investors who share my vision for quality." He said he was still considering offers from investors willing to join him in the bid process prior to the Wednesday deadline. Callebaut opened its first in Calgary in 1983.

Hipotecaria Su Casita SA, the private issuer of mortgage-backed debt that failed to sell itself to BBVA Bancomer SA, plans to present a restructuring plan to debt holders today, Bloomberg reported. The proposal includes offering short- and long-term debt holders equity in the company, new debt and cash payments, Su Casita said today in an e-mailed statement to Mexico’s stock exchange. Su Casita said Sept. 10 that it was evaluating “other alternatives” after a deal to sell part of its assets to the Mexican unit of Banco Bilboa Vizcaya Argentaria SA fell through.

Two years after investment bank Lehman Brothers collapsed and the financial system faltered, world leaders are deadlocked over key proposals for ensuring that such a crisis doesn't happen again, and concern is spreading that the chance for common action has waned, The Washington Post reported. Officials at agencies such as the International Monetary Fund and World Bank say they're worried about the loss of momentum, and private analysts are warning that narrow national interests could undermine further reform.

A bankruptcy judge on Thursday approved the $65 million sale of Nortel Networks Corp.'s multiservice switch business to Swedish telecom equipment vendor L.M. Ericsson Telephone Co., Dow Jones Daily Bankruptcy Review reported. Judge Kevin Gross of the U.S. Bankruptcy Court in Wilmington, Del., signed off on the sale less than a week after Ericsson won an auction for the business. Ericsson beat out PSP Holding LLC, a special-purpose entity funded by Marlin Equity Partners and Canada's Samnite Technologies, which kicked off the Sept. 24 auction with a $39 million bid.

Boeing Co. is looking for new customers for the 717 planes previously flown by the low-cost arm of arm of Grupo Mexicana, which have been grounded for a month after the company filed for bankruptcy protection, Dow Jones Daily Bankruptcy Review reported. MexicanaLink operated 20 Boeing 717s leased from Boeing Capital, according to consultancy Ascend Worldwide. Owners and lessors have repossessed a handful of the 109 planes flown by the group and are working to recover and remarket the remainder, despite faint hopes that a slimmed-down Mexicana could restart later this year.

Aerospace giant Airbus says it’s confused as to why Mexicana continues to order replacement parts even though the Mexican airline hasn’t operated flights for the past month, The Wall Street Journal Bankruptcy Beat blog reported. Airbus is asking the U.S. Bankruptcy Court in Manhattan for vendor protections, such as assurance that it will be paid within seven days of delivering parts, after it received several unexpected orders from Mexicana in the past two weeks.

AbitibiBowater took another step towards ending 18 months of court protection from creditors when its restructuring plan won the required support from a majority of its U.S. creditors, the Canadian Press reported. As was the case last week with votes in Canada, creditors of Bowater Canada Finance Corp. failed to approve the plan. Aurelius Capital Management and Contrarian Capital Management opposed the plan as noteholders of the special purpose subsidiary which has no operating assets. BCFC will be excluded from the Chapter 11 restructuring in the U.S.

Several U.S. airports, including New York's John F. Kennedy International, said Compania Mexicana de Aviacion has failed to make a promised Sept. 15 payment to them, Dow Jones Daily Bankruptcy Review reported. In papers filed Monday with the U.S. Bankruptcy Court in Manhattan, the airports demanded additional protections for the amounts owed to them, including the right to tap certain letters of credit and to take back space assigned to Mexicana in their facilities, after the Mexican airline reneged on a promise to pay fees.

Canadian newsprint maker AbitibiBowater Inc. said Tuesday that a majority of its unsecured creditors have approved its plan for reorganization under Canadian bankruptcy law, Bloomberg BusinessWeek reported. The Montreal-based company filed for bankruptcy protection more than a year ago and has been soliciting votes from creditors. The company's plan will require creditor approval and confirmation by the U.S. and Canadian Courts. AbitibiBowater said it has received the votes it needs, except with respect to Bowater Canada Finance Corp., a special-purpose subsidiary with no operating assets.