Economy of Mexico banks”, bonded warehouses, bonding companies and foreign-exchange firms. A wave of acquisitions has left Mexico's financial sector in foreign hands. Their foreign-run affiliates compete with independent financial firms operating as commercial banks, brokerage and securities houses, insurance companies, retirement-fund administrators, mutual funds, and leasing companies. Mexico has a single securities market, the Mexican Stock Exchange (Bolsa Mexicana de Valores, known as the Bolsa). The market has grown steadily, with its main indices increasing by more than 600% in the last decade. It is Latin America's second largest exchange, after Brazil's. The total value of the domestic market capitalization of the
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