State of the Airlines

Tuesday, November 22, 2005

NEWS: Buy an Airline...uummm...Thanks but no thanks

Mexico is desperately trying to run away from the dueling state run albatrosses that are Mexicana and Aeromexico to no avail. Shares of Cintra, the state run airline "company" are sinking fast after Iberia and Icelandair decided to withdraw from bidding on the airline. Here's a note to the few bidders left...best way to make a million with an airline? Start with a billion.