Bolsa de Valores de Nicaragua and issuers of securities. The specific regulatory frame of exchange activity is conformed by Presidential Decree 33-93 or "Reglamento General sobre Bolsas de Valores" (General Stock Market Regulations). The president of the exchange as of 2006 is Dr. Raúl A. Lacayo Solórzano. Bolsa de Valores de Nicaragua Bolsa de Valores de Nicaragua (Stock Exchange of Nicaragua, or BVDN) was created in 1994 and is the only stock exchange operating in Nicaragua. The exchange is the result of private sector initiatives encouraging the country's market liberalization programmes, which began in 1990. Trading operations officially began on January 31, 1994, and as
Mexicana de Aviación Mexicana de Aviación Compañía Mexicana de Aviación, S.A. de C.V. (commonly known as Mexicana) was Mexico's oldest airline and one of the oldest continuously single-branded airlines (after KLM, Avianca and QANTAS), and Mexico's biggest and flagship airline before ceasing operations on August 28, 2010. The group's closure was announced by the company's recently installed management team a short time after the group filed for Concurso Mercantil (Mexican law equivalent to US Chapter 11) and US Chapter 15. On April 4, 2014, a judge declared Mexicana bankrupt and ordered to start selling off the company's assets to repay the airline's obligations.