The privately-owned Mexican domestic carrier is currently in the process of applying to restart operations with a much-reduced initial fleet of three Boeing 737-200s. Aviacsa suspended operations in July 2009 and entered bankruptcy protection the following November. Following the reported investment of 400 million pesos (US$ 33.3 million / EUR 24.4 million) by holding company Grupo Madero, the airline met a 14 January 2011 deadline set by the federal government for the renegotiation of its debts. Three test flights between Mexico City and Acapulco were also successfully completed last month. Once it has received court approval to exit bankruptcy protection, Aviacsa is expected to resume domestic services, possibly as early as next month (March 2011). Aviacsa aims to have recaptured 5% of the domestic market by the end of 2011 and 10% over the next three years. Rivals Aeromexico and VivaAerobus have strengthened their positions in this market in absence of both Aviacsa and Mexicana.
Thu, Feb 24 2011 10:34 AM
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