According to media reports 2 of Mexicana Airlines aircraft were seized in Canada and prevented from departure. This was due to rumors and/or actual indications of financial trouble for Mexicana. Specifically, Mexicana may have had trouble paying the leases on these 2 planes. Some time ago I wrote about Mexicana and whether it was a good fit for the One World Alliance. I based my observation on the product, not the balance sheet. I assumed, in that post, that OneWorld dissected Mexicana’s balance sheet before bringing them into the alliance.
Apparently someone at OneWorld didn’t do their homework. Mexicana just joined OneWorld in November of 2009, less than 1 year ago. How could their financial viability deteriorate that quickly and dramatically?
