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Mexico’s Interjet Warns of ‘Technical Bankruptcy’ Amid Tax Feud

Aug. 30, 2019, 8:11 PM

Mexican airline Interjet is in “technical bankruptcy” and at risk of collapse, according to its finance chief, following an order to start paying off nearly $30 million in back taxes.

Interjet beat back an attempt by authorities to seize control of its bank accounts in an effort to collect nearly 550 million pesos ($27 million) in unpaid taxes dating to 2013. But a judge this month ordered the closely held carrier to deposit 10% of its monthly revenue as a guarantee until the debt is paid.

The tax collector is putting Interjet “in a serious predicament of economic viability, preventing ...

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