Investor group buys Mexicana

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Investor group buys Mexicana

Unread post by bimjim » Mon Aug 23, 2010

Investor group buys Mexicana
August 22, 2010

A group of private investors has acquired 95% of Mexicana Airlines for an undisclosed amount, according to reports.

The group of Mexican businessmen, called Tenedora K, was formed in association with Mexico’s largest pilots' union, which owns 5% of Mexicana.

With the acquisition, Mexicana CEO Manuel Borja reportedly has resigned his post.

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