International News: Mexico’s Interjet declared bankrupt, will auction assets

Posted: Tuesday, April 11, 2023. 1:58 pm CST.

By Zoila Palma Gonzalez: On Monday, Mexico’s airline, Interjet was declared bankrupt.

According to Simple Flying, the carrier ceased operations in December 2020.

A judge ordered Interjet’s assets to be sold to pay the company’s debts to its former employees.

The Mexican carrier had been suffering a financial crisis and their situation became worse with the COVID-19 pandemic.

Interjet left a 15-million-passengers-per-year market that other companies have successfully grabbed, particularly Viva Aerobus and Volaris.

Reports indicate that the company reportedly owed around 1.4 billion Mexican pesos (about $80 million at today’s exchange rate).

Before the COVID-19 pandemic, Interjet had a fleet of over 80 aircraft composed of two different types of planes.

 

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