XAAPB From Mexico, joined Jan 2005, 476 posts, RR: 4 Posted (9 years 6 months 5 days 11 hours ago) and read 4343 times:
Just read in a Mexican aviation forum that a 737 from Azteca Airlines was confiscate in Ontario Airport, according to the Mexican forum the airline has a debt of 24 million dollars. Can anyone confirm this?
Here is the link to the forum (in spanish)http://fsmex.com/foros/viewtopic.php?t=13042
Ghost77 From Mexico, joined Mar 2000, 5299 posts, RR: 48
Reply 3, posted (9 years 6 months 5 days 6 hours ago) and read 4068 times:
Very unfortunately, this is true. XA-AEQ has been repossessed today at ONT. Out from the 9 planes in fleet, 3 are on ground due to mx issues and they had 6 active now just 5 and one more that needs to enter mx next January 2007. Cancellation of flights are to follow with this plane less in fleet, ironically, loads are really high these days, they have very good sales and loads. But something is wrong, its staff its also leaving to other airlines. If it isn't money laundry and a legal company, they will probably go bite the dust very soon as they have a 75M usd debt in assets and liabilities. Its like a little RG.