Mexicana Airlines announced the elevation of CFO Manuel Borja to CEO replacing Emilio Romano, who held the position since March 2004. Borja, who will take over July 16, held a similar position at hotel operator Grupo Posadas, which acquired Mexicana from state-controlled holding company Cintra in late 2005 (ATW, May 2007). Chairman Gaston Azcarraga said, "The 18-month period of stable, ordered transition following the acquisition of the company that we agreed would be spearheaded by Emilio ...

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