pecevanne
Topic Author
Posts: 154
Joined: Mon Jun 28, 2004 12:54 am

Mexicana's Former CEO To Be Apprehended For Tax Evasion

Sat Jan 28, 2012 3:39 pm

http://www.excelsior.com.mx/index.ph...%2C+lo+m%E3%A1s+le%E3%ADdo&cat=412
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.
 
Fly2HMO
Posts: 7207
Joined: Sat Jan 24, 2004 12:14 pm

Mexicana's Former CEO To Be Apprehended For Tax Evasion

Sat Jan 28, 2012 4:01 pm

Reading the article it sounds to me like ASPA just wants to get back at him no matter what as a sort of revenge. They're after him for tax evasion, I don't see why ASPA would give a damn.

And you may want to expand the title a little bit, add "under arrest warrant" or something like that if you can fit it.

[Edited 2012-01-28 08:02:28]
 
jfk777
Posts: 5830
Joined: Tue Aug 22, 2006 7:23 am

Mexicana's Former CEO To Be Apprehended For Tax Evasion

Sat Jan 28, 2012 4:05 pm

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
Posts: 416
Joined: Mon Mar 01, 2010 9:52 pm

Mexicana's Former CEO To Be Apprehended For Tax Evasion

Sat Jan 28, 2012 5:35 pm

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.
 
Fly2HMO
Posts: 7207
Joined: Sat Jan 24, 2004 12:14 pm

RE: Mexicana's Former CEO To Be Apprehended For Tax Evasion

Sun Jan 29, 2012 1:29 am

Quoting penguins (Reply 3):
With the escalating level of violence sales must have faltered and the company was doomed.

Hardly anything to do with it. They succumbed due to idiotic management, and maybe to a lesser extent the whole overblown swine flu scandal.
 
AM744
Posts: 1435
Joined: Thu Jun 07, 2001 11:05 pm

RE: Mexicana's Former CEO To Be Apprehended For Tax Evasion

Thu Feb 02, 2012 4:50 pm

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.

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