pecevanne From Mexico, joined Jun 2004, 179 posts, RR: 0 Posted (1 year 10 months 2 weeks 6 days 4 hours ago) and read 1112 times:
According to excelsior,only in Spanish, an arrest warrant has been issued for Manuel Borja, former MEXICANA AIRLINES CEO.
In other news, rumors start today, concerning a new group of investors will make a new offer to buy MEXICANA.
ASPA news said, decisions will be evaluated. Results expected as soon as next week.
jfk777 From United States of America, joined Aug 2006, 7835 posts, RR: 8 Reply 2, posted (1 year 10 months 2 weeks 6 days 3 hours ago) and read 1020 times:
The warrant is for some Taxes that weren't paid including VAT taxes. Mexicana was in deep financial trouble before it went broke, is it hard to believe they were using the tax money to keep the ship going. Its sad to arrest a CEO for trying to help a business keep going, the taxing authorities can line up like other creditors in a bankruptcy. When has a US airline CEO been arrested for not having the airline pay taxes when it has gone chapter 11 ? Never ?
penguins From Canada, joined Mar 2010, 138 posts, RR: 0 Reply 3, posted (1 year 10 months 2 weeks 6 days 2 hours ago) and read 875 times:
It is kind of sad that they hate him so much. I personally don't blame the guy because with the drug wars, I wouldn't want to go to Mexico. With the escalating level of violence sales must have faltered and the company was doomed.
Flown On: B717,B727,B737,B747,B757,B767,B777,A300,A310,A318,A319,A320,A321,A330,A340,SF340,CRJ-2/7/9,EM-120,ERJ-135/40/4
AM744 From Mexico, joined Jun 2001, 1732 posts, RR: 0 Reply 5, posted (1 year 10 months 2 weeks 1 day 2 hours ago) and read 702 times:
Quoting penguins (Reply 3): It is kind of sad that they hate him so much. I personally don't blame the guy because with the drug wars, I wouldn't want to go to Mexico. With the escalating level of violence sales must have faltered and the company was doomed.
Not the root cause. I perceive criminal mismanagement aka loot. Selling the headquarters building, airplanes, assets and run away with the money. Helped of course by a very lax, incompetent or even corrupt oversight on behalf of the Mexican State.