Mexicana chairman Gastón Azcárraga is still reeling from the Mexican competition authority’s decision to block his hotel chain, Grupo Posadas, from acquiring rival Aeromexico and merging the two carriers’ operations. However, he says he is “in it for the long-term” with Mexicana and will push to return the carrier to profitability and boost its chances of competing in the increasingly-crowded Mexican airline market.

Grupo Posadas marked its first foray into the airline industry in late 2005 with the acquisition of Mexicana from the government. In an interview with Airline Business at one of the group’s hotels in Cancun, Azcárraga admitted that the acquisition of Mexicana had been “a challenging experience”, adding: “The airline industry is very complex and has its own problems – in <?xml:namespace prefix = st1 ns = “urn:schemas-m

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