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 by Mexicana and Mexicana Click. The new airline was to be called MexicanaLink and operate in low-density routes to feed mainline operations from Guadalajara's airport. The airline flew Canadair CRJ-200 regional jet aircraft. Also in February 2009, Mexicana applied to the US Department of Transportation to initiate daily, non-stop service between Guadalajara, Jalisco and New York utilizing either an Airbus A319 or the larger Airbus A320. On February 25 Mexicana joined the Airbus MRO network evaluating the Airbus A350. Mexicana filed for Commercial concurs (Mexican law equivalent to US Chapter 11) and US Chapter 15 on August 3, 2010 in