Before it stopped flying in 2010 because of financial problems, Mexicana was among the world’s oldest continually operating airlines.
Mexicana began flying in 1921, after carriers like Australia’s Qantas and Colombia’s Avianca.
Mexico’s Federal Judiciary Council said Friday the decision means an administrator will be appointed to start selling off the privately owned company’s assets to repay creditors.
The flight attendants’ union said it will appeal the decision, which follows a torturous four-year bankruptcy proceeding.
MORE HBJ HEADLINES
Machinists union considers postponing North Charleston vote 4:47 p.m. A sniffly workforce is less productive Only small number of Jeeps fixed 2 years after recall began FDA panel wants heart failure risk on AstraZeneca drugs GM drops price of the electric Chevrolet Spark Why your rent will rise again this year
Our new comment system is not supported in IE 7. Please upgrade your browser here.