MEXICO CITY Aug 9 Mexicana de Aviacion, the
debt-laden Mexican airline teetering on the brink of
bankruptcy, is in talks with three investor groups as it
urgently seeks a buyer, a union official said on Monday.
"There are three important national groups" that are eyeing
Mexicana, Lizette Clavel, head of the flight attendants union
told Radio Formula.
Mexicana's financial situation deteriorated rapidly after
filing for creditor protection in Mexico and the United States
The cash-strapped company has stopped selling tickets and
on Sunday said it was suspending 15 international routes,
including Madrid and Sao Paulo.
The company has a debt of around 10 billion pesos ($796
million) and only owns nine of its 64 airplanes.
Leasing companies have already issued termination notices
to the Mexican company and at least three of its planes have
(Reporting by Cyntia Barrera Diaz, editing by Maureen Bavdek)