COURT APPROVES U.S.-MEXICAN PARTNERSHIP TO ASSUME ASSETS OF DEFUNCT TAESA AIRLINES.In mid-October, a federal judge approved a motion granting a US-Mexican partnership the right to take over the defunct Transportes Aereos Ejecutivos (TAESA). The partnership, comprising Mexican businessman Leonardo Sanchez and Texas-based investor Marco Delgado Marco Delgado is a fictional mutant supervillain in the Marvel Comics Universe. He was created by Chris Claremont and debuted in X-Men vol. 2 #1 Fictional character biography Delgado was a member of the Acolytes that attempted to join Magneto aboard Asteroid M. , will operate the airline under the name Lineas Aereas Aztecas. TAESA was forced to suspend operations in November 1999 after authorities uncovered numerous safety violations (see SourceMex, 1999-12-01). The safety violations led unions in Mexico and the US to file a complaint against the airline under the North American Free Trade Agreement North American Free Trade Agreement (NAFTA), accord establishing a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. (NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's ) labor code (see SourceMex, 2000-07-19). Spokespersons for the new airline said Lineas Aereas Aztecas expects to begin operations in mid-November. The airline, which inherited TAESA's 22 routes, will conduct three separate operations: cargo shipments, charter, and business flights. The airline will use several new aircraft, serving 27 cities in Mexico List of the largest cities in Mexico: City Population (est. 2002) México, DF (Mexico City) 8,548,639 Ecatepec de Morelos, México 1,969,858 Guadalajara, Jalisco 1,651,417 Tijuana, Baja California 1,465,649 Ciudad Juárez, Chihuahua 1,440,025 and five US destinations. Angel Celorio, leader of the former TAESA workers union, said Lineas Aereas Aztecas intends to hire most of TAESA's former employees. Before the airline can rehire Re`hire´ v. t. 1. To hire again. the workers, however, their contracts with TAESA must be terminated through a complicated process involving several government agencies. Former TAESA workers are demanding payment of all wages and benefits they would have received had the airline continued to operate. Owners of the new airline have refused these demands, which could jeopardize jeop·ard·ize tr.v. jeop·ard·ized, jeop·ard·iz·ing, jeop·ard·izes To expose to loss or injury; imperil. See Synonyms at endanger. the start-up date for Lineas Aereas Aztecas. An airline industry analyst told the daily business newspaper El Financiero that the owners of Lineas Aereas Aztecas may not have the resources to meet the demands of the TAESA workers. "TAESA was left without any assets, which will make it difficult to attract new investors to the venture," he said. (Sources: El Economista El Economista is a Mexican Business and Economics Newspaper. It was founded in 1989. Publishing: from Monday to Friday in five columns. One of the most commented features of this newspaper is the fact of its printing paper a strange tone of pink-orange. , 10/16/00, 10/26/00; El Universal, 10/26/00; El Financiero, 10/13/00, 10/26/00, 10/31/00, 11/01/00; Reforma, 11/01/00) |
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