Mexicana will be sold to the Grupo Posadas hotel company for $165 million plus the assumption of $294 million in debt and $997 million in aircraft lease obligations in the first stage of Mexico's long-anticipated airline privatization. The largest hotel operator in Mexico, Grupo Posadas also has hotels in the US, Argentina and Brazil. Its brands are Fiesta Americana Grand, Fiesta Americana, Fiesta Inn, Caesar Park, Caesar Business and The Explorean. Cintra, the state holding company for ...

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