Mexicana Pilots, Investors Discuss Plan for Bankrupt Carrier

The pilots union for Compania Mexicana de Aviacion, Mexico’s largest airline by passengers, said it has spoken with as many as three possible investors as it tries to form a group to rescue the carrier from bankruptcy.

The union is interested in buying a stake in the airline and is willing to modify its collective bargaining contract to secure a deal, Fernando Perfecto, the group’s head, said in an interview in Mexico City yesterday. He declined to name the potential investors or concessions that the union could make.