Mexicana Ends Fee Disputes, Gets Ch. 15 Protection

Law360, New York (November 8, 2010, 6:55 PM EST) -- A bankruptcy court on Monday granted Chapter 15 bankruptcy recognition to Compania Mexicana de Aviacion SA de CV, after the Mexican airline cleared up a dispute over fees owed to a group of U.S. airports and federal agencies.

Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern District of New York approved the debtor's Chapter 15 petition after it submitted a joint agreement resolving an objection from Banco Mercantil Del Norte SA, which is owed about $128 million under a credit agreement with Mexicana....
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