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Byrdluvs747
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Posts: 2552
Joined: Thu Jul 15, 2004 5:25 am

Mexicana Restarting Operations

Mon May 21, 2012 9:41 pm

It looks like MX is restarting operations, but I have a few questions about what was quoted in this article.

Spanish investor acquires bankrupt Mexicana, may relaunch in June

Quote:
ASPA said that 280 pilots are being trained on simulators and in MX’s parked aircraft

Did MX retain any pilots or are they hiring all new crews?

Quote:
However, the airline must get an air operators certificate from the director general of civil aviation before returning to the air, as well as slots frozen in 2010

Why would my need a new operators certificate when MX already had one? Do they expire upon declaring bankruptcy in Mexico or after a certain period of inactivity?

Quote:
...as well as slots frozen in 2010

Are they referring to city pairs served under the US-Mexico bilateral?
The 747: The hands who designed it were guided by god.
 
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Fyano773
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RE: Mexicana Restarting Operations

Mon May 21, 2012 10:19 pm

Quoting Byrdluvs747 (Thread starter):
It looks like MX is restarting operations, but I have a few questions about what was quoted in this article.

Spanish investor acquires bankrupt Mexicana, may relaunch in June

What?

No investor has purchased the company. The info you are referring to is just a decoy to delay the liquidation process.

There are some posts related to this event in the Mexican thread:

Mexican Aviation Thread XI (by Mexicana757 Apr 25 2012 in Civil Aviation)

[Edited 2012-05-21 15:26:32]
 
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clickhappy
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RE: Mexicana Restarting Operations

Mon May 21, 2012 10:26 pm

The share sale is only part of the process, however, as Med Atlantica must now negotiate debt payments to creditors and the 8,600 employees who have not received wages since Aug. 2, 2010.

ASPA said that 280 pilots are being trained on simulators and in MX’s parked aircraft as the carrier gears up to restart operations with nine aircraft next month. However, the airline must get an air operators certificate from the director general of civil aviation before returning to the air, as well as slots frozen in 2010.


Would be cheaper do start a fresh operation, that's for sure.
 
bennett123
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RE: Mexicana Restarting Operations

Mon May 21, 2012 10:31 pm

What parked aircraft have they got?.
 
cbphoto
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RE: Mexicana Restarting Operations

Mon May 21, 2012 10:37 pm

Quoting bennett123 (Reply 3):
What parked aircraft have they got?.

View Large View Medium
Click here for bigger photo!

Photo © Planecatcher



Recent picture shows they still have some stored!
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Fyano773
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RE: Mexicana Restarting Operations

Mon May 21, 2012 10:45 pm

Quoting bennett123 (Reply 3):
What parked aircraft have they got?.

There are 7 320s at MEX and 2 320s at GDL formerly owned by the company, but those planes were put by MX as guarantee for the loan of 65M USD with Bancomext (Mexico's development bank).

The bank is the virtual owner of the planes and as soon as Bancomext takes possesion of them, these aircrafts would be sold "to a national or international buyer, who is interested on buying such aircraft, either international leasers or airlines".
 
rj777
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RE: Mexicana Restarting Operations

Tue May 22, 2012 2:05 am

Wonder if they'll launch a new livery.
 
Byrdluvs747
Topic Author
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RE: Mexicana Restarting Operations

Tue May 22, 2012 2:12 am

Quoting rj777 (Reply 6):
Wonder if they'll launch a new livery.

I really hope they do, because that current livery says nothing about Mexico. At this point, MX needs a new fresh image. It's not like AA where they still operated while in bankruptcy.
The 747: The hands who designed it were guided by god.
 
wedgetail737
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RE: Mexicana Restarting Operations

Tue May 22, 2012 2:52 am

Quoting rj777 (Reply 6):

They should go back to previous paint scheme...not the latest blue, black and white scheme.
 
NASCARAirforce
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RE: Mexicana Restarting Operations

Tue May 22, 2012 3:56 am

Didn't Avianca take a bunch of MX planes?
 
santi319
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RE: Mexicana Restarting Operations

Tue May 22, 2012 3:58 am

They "restart" every month....
 
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IrishAyes
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RE: Mexicana Restarting Operations

Tue May 22, 2012 4:15 am

Quoting Fyano773 (Reply 1):
No investor has purchased the company. The info you are referring to is just a decoy to delay the liquidation process.

This sounds like the most credible explanation.

Given all of the back-fill that other airlines have provided since MX's demise, I really think they'll have a hard time going up against the competition that has grown. But, then again, AM seems to be profitable these days, so if MX intends to re-enter as a full-service carrier, there may be room for it...
 
PHX787
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RE: Mexicana Restarting Operations

Tue May 22, 2012 8:32 am

Quoting Byrdluvs747 (Thread starter):
Quote:
ASPA said that 280 pilots are being trained on simulators and in MX’s parked aircraft

Did MX retain any pilots or are they hiring all new crews?
Quoting cbphoto (Reply 4):
Recent picture shows they still have some stored!

I heard most of the parked aircraft are either being sold or scrapped. Most of the parked aircraft have new lives with different airlines. I don't see how MX can resurrect itself without planes.
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ORDJOE
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RE: Mexicana Restarting Operations

Tue May 22, 2012 10:45 am

I saw at MIA a bunch of MX planes that seemed airworthy in march. I will agree this seems like a stalling tactic. If it did not work the first time why would it work a second time. If MX ever came back I would see it as some LCC or ULCC.
 
ckfred
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RE: Mexicana Restarting Operations

Tue May 22, 2012 12:30 pm

It would be far easier to buy the MX name out of the bankruptcy sale of assets and start over, rather than try to restart the bankrupty MX.

Either way, would a new owner try to get MX back into Oneworld?
 
iFlyLOTs
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RE: Mexicana Restarting Operations

Tue May 22, 2012 1:09 pm

I'll believe this most recent restart when I see a plane actually being used for revenue service. I feel like there's one every few months that's "Actually serious this time" and a month later we get another one.
"...stay hungry, stay foolish" -Steve Jobs
 
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yowza
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RE: Mexicana Restarting Operations

Tue May 22, 2012 1:40 pm

Quoting bennett123 (Reply 3):
What parked aircraft have they got?.

I'm pretty sure I saw a whack of Mexicana birds upon landing in either MIA or DEN a couple weeks ago.

YOWza
 
Metjetceo
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RE: Mexicana Restarting Operations

Tue May 22, 2012 2:09 pm

From an investor point of view, I am not sure why you would buy a defunct carrier, with debts, unpaid wages, etc.

You would think it is more of a viable option to apply for a new authority, or simply buy the operating certificate from the bankruptcy court and move forward under a new name. Then lease planes if you want a quicker start up, etc.

Simply sorting through the red tape associated with a defunct MX would likely be more costly and time consuming than starting a new company with a purchased operating certificate. Just my opinion though.
 
laca773
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RE: Mexicana Restarting Operations

Tue May 22, 2012 4:02 pm

Quoting NASCARAirforce (Reply 9):
Didn't Avianca take a bunch of MX planes?

Yes. They picked up 10+ A318s.
 
JAL
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RE: Mexicana Restarting Operations

Tue May 22, 2012 4:30 pm

I have heard this news before already. I'll believe when the plane actually takes off!
Work Hard But Play Harder
 
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N405MX
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RE: Mexicana Restarting Operations

Tue May 22, 2012 5:40 pm

It´s been the same story for almost 2 years, but recently a group named "Med Atlantica" with former spanish investors and mexican investors (identities undisclosed) made the payment of $9usd million (plus taxes... yeah, love this country) for the MX ownership (when Grupo Posadas sold it for $1,000mxn)

The issue here is that mexican government is not letting it fly until the new owners pay all the money that Tenedora K did not pay also some of the debts left by Grupo Posadas, also they cancelled the original AOC of Mexicana and they want them to get a new one (again, love this country).

The latest info points that Med Atlantica want´s to start operations in July, and have almost everything solved for june 30th, now the last issues are with Bancomext (airplane owner) and Banorte (mexican bank where MX has almost the entire debt).

Saludos
Life is what happens when you have other plans.....
 
randomstriker
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RE: Mexicana Restarting Operations

Tue May 22, 2012 5:58 pm

I had several flights worth of points and top-tier status with MexicanaGo when they went belly up. I'm not holding my breath for ever getting that back.
 
DesertAir
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RE: Mexicana Restarting Operations

Tue May 22, 2012 7:49 pm

There is dead silence in Mexican newspapers regarding renewed operations. I can´t imagine an investment group wanting to restart an airline with a staggering debt and agressive labor unions. The other Mexican airlines have taken many of Mexicana´s routes.

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