By Lara Holmes

The Ministry of Communications and Transportation (SCT) held two meetings with investors from Med Atlantic, interested in capitalizing on Mexicana Airlines, pending the process of collecting the check for 300 million dollars, which would grant a further extension to bankruptcy, scheduled for next Friday.

After the meeting last Friday, Judge Felipe Consuelo, reported that it will progress in parallel to verify the operational capabilities, technical and legal of Med Atlantic, in order to speed up the authority issuing the AOC.

 

Meanwhile, the SCT said that the check for $300 million for Mexicana Airlines is in process of collection, so that the trust still does not have the availability of resources, which could be deposited on Tuesday.

 

According to the Association of Flight Attendants (ASSA) capital for the restructuring of the airline is deposited in a dollar account in Bancomer, which will be transferred to a trust in Banking Mifel.

The SCT agreed with Judge Felipe Consuelo Soto that once the funds are deposited in a formal way, the latter shall notify the agency to provide the best facilities for the resumption of operations of the airline, since the availability of funds is crucial to determining the financial capacity of Med Atlantic.

In an effort to move forward, it was also agreed that the conciliator formally enter the Directorate General of Civil Aviation so that the documentation provided for the SCT would continue with the verification of the four capacities required by the Civil Aviation Act, said the dependence through a press release.

Note that the charge of bankruptcy would be issuing a third extension, no end date, because there are still groups such as Union Swiss, Ivan Lomex and Barona Group as potential stakeholders.

Meanwhile, the Senate requested the Executive to report economic losses of the airline, tourism and economic development industries, produced by the closure of Mexicana Airlines.