More bad news for Mexicana Airlines. On August 8 the company announced that its cash flow for day-to-day operations had dried up forcing it to cancel flights. One reason for the cash flow crunch was IATA’s decision to suspend the carrier’s BSP sales channel, forcing it to suspend the sale and issuing of tickets indefinitely, with serious repercussions for MexicanaClick and MexicanaLink sales. The company says that other sources of revenue have either dried up or are being retained by financial institutions following the company’s [Read more...]
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Tuesday, August 10, 2010
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