MEXICO CITY (AP) — A group of Mexican investors has bought a controlling stake in Mexicana airlines in a bid to save the debt-ridden company, the consortium announced Saturday.
The group, called Tenedora K, said it acquired a 95 percent stake in Nuevo Grupo Aeronautico SA de CV, the holding company that controls Mexicana de Aviacion and the domestic airlines Mexicana Click and Mexicana Link. It said the pilots' union will hold the remaining 5 percent of shares.
Mexicana officials did not return phone calls seeking comment. The pilots' and flight attendants' unions could not be reached.
The deal was announced in a statement from the consortium released by the private …
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