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Mexico's Interjet is 'technically broke'

Monday, September 2, 2019

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 $27 million in unpaid taxes dating to 2013. But a judge this month ordered the carrier to deposit 10 percent of its monthly revenue as a guarantee until the debt is paid, Bloomberg reports.