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Mexico government buying defunct airline Mexicana
Tuesday, 09 Jan, 2023
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The Mexican government is set to purchase defunct airline Mexicana.
The government agreed to buy it for $42.41 million.
It will use Mexicana as a commercial airline run by the military.
President Andres Manuel Lopez Obrador recently said it will launch operations this year.
The government is also in talks with Boeing for aircraft.
Mexicana became bankrupt in 2014.
Unions have been among the biggest creditors for unpaid wages dating back years.
Military-run business Olmeca-Maya-Mexica is expected to take over the airline.
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