Tuesday, May 10, 2011

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And at the end of insolvency, could this be the end of the

Mexican film?












Aviacsa Returns to insolvency, bankruptcy
round




Cecilia Higuera setback in its intention to lift the flight, as the Grupo Aeroportuario del Pacifico (GAP) filed an appeal against the agreement achieved by the same owner, Ramon Madero, to pay 28 percent of capital to creditors, including them, the airport group.

GAP is worth mentioning that one of the principal creditors of Avianca, who owes 30 million pesos for Airport Passenger Facility Charges (TUA), bringing the airline back to insolvency, which had managed to leave the past January 27.
On the issue of debts, it is recalled that on Monday last week, the airline was unable to make its maiden flight from Mexico City, Monterrey, because it has a debt to the International Airport of Mexico City (AICM), for 20 million pesos. The concept of debt is airport services began to build from January, when the airline out of the competition also received his commercial air operator's certificate, and last Thursday paid two million dollars, although to tell the Communications and Transport Secretariat (SCT) should pay off the debt. Now, with the appeal of GAP-by refusing to pay him 28 cents for each dollar owed to him, "and the return of Aviacsa to insolvency, the company is protected from charges by their creditors. However, Miguel Arroyo, former Aviacsa conciliator, if GAP challenge is successful, the airline would be forced to declare bankruptcy, if he could not get the resources claimed by the airport group and settle the debt.

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