Grupo Salinas region and by 1987, 59 stores. Elektra Group became a publicly traded company listed on the Bolsa Mexicana de Valores, the Mexican Stock Exchange. In 1993, Grupo Elektra bought the Imevisión government television network and renamed it TV Azteca. TV Azteca created an initial public offering in 1997 on the Mexican and New York stock exchanges. In 2012, Grupo Elektra, a wholly owned subsidiary of Grupo Salinas, acquired Advance America for an estimated $780 million USD. In 2003, Grupo Salinas purchased the telecommunicaions company Iusacell and the mobile phone company Unefón. Iusacell was sold to AT&T in 2014, and rebranded
Mexicana de Aviación first time in this Chapter 11 period that Med Atlantic bought the airline for $300 million. Technically, Mexicana still operates to this day. According to Begoña López, an official at Mexicana, all international flights not operated by flag-carrier AeroMexico, are still "flown" using Mexicana's AOC, but "operated" using another airline (e.g., Interjet, Volaris, etc.). This is expected to stop once the U.S. and Mexico sign their open skies agreement. Formations: 1920s William Lantie Mallory and George Rihl headed Compañía Mexicana de Aviación ("Mexican Aviation Company" or "Mexican Airline Company"), a competitor to CMTA; they acquired the latter's assets in 1924