Mexicana grounding is seen as a warning for aircraft lessors

08/30/2010 | Dallas Morning News (free registration), The · Bloomberg

Mexicana Airlines' problems, including bankruptcy and the subsequent grounding of its planes, might be a sign of what's to come for aircraft-leasing companies, said Michael Boyd, president of Boyd Group International. "The real deal is that lessors are stuck with airplanes on the ground, in an airline industry that is not -- repeat, not -- expanding," Boyd wrote. Swiss bank UBS said it does not expect Mexicana to resume operation.

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Dallas Morning News (free registration), The · Bloomberg