Mexicana May Be Saved, but Only Time Will Tell: "
Mexicana has not been having a good August, but it looks like a group of fairly wealthy folks want to help the airline end 2010 with a smile.
A group of Mexican investors under the name of 'Tenedora K' have put together enough money to buy 95 percent of the troubled airline. They left just enough for the pilots’ union to keep control of the remaining five percent. At this point, Mexicana has not released any information about their sale, but we’d expect to get some news any day now.
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