Mexicana Dogfights Highflying Repo Men

WSJ.COM ARTICLE - SUBSCRIPTION REQUIRED FOR FULL ACCESS
A New York bankruptcy court flies into some uncharted territory Monday as it considers what to do when a struggling airline won't cover its plane loans and won't give the aircraft back.

A unit of Mexicana, Mexico's largest airline by revenue, is trying to fend off an elite group of repo men after filing for bankruptcy protection on Aug. 2. International Lease Finance Corp. and AerCap Holdings NV, two large lessors, have already seized three of Mexicana's 64 operational planes, and the carrier says it could be pushed into liquidation if it loses more in what would be the industry's ......

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