Mexican govt inks deal to buy Mexicana airline brand for $38.3 million, union says By Reuters

MEXICO CITY (Reuters) – The Mexican government signed a deal with several aviation unions Friday to purchase the brand of the defunct Mexicana airline for 733 million pesos ($38.3 million), a union spokesman told Reuters.

The deal includes rights to use the airline’s brand and the purchase of two buildings and a technical training center, spokesman Jose Alonso said in an interview. A time-frame for the payment has yet to be agreed upon, he added.

($1 = 19.1270 Mexican pesos)