Fobaproa the FONAPRE ("Fondo de Apoyo Preventivo a las Institiciones de Banca Múltiple" or "Fund of preventive support to banking institutions") was founded to preserve the financial stability of banks, with the government having banks as trustees. By 1987, a parallel finance industry had been created with brokering firms, investment societies etc. To continue attracting investors, interest rates increased at the Bolsa Mexicana de Valores, and with the crash in the New York Stock Exchange, the national banking system was deeply affected and another devaluation came as a result. In 1990, in an attempt to prevent situations similar to those of
Mexicana de Aviación and its low-cost competitor, Volaris. On March 4, PC Capital announced that it withdrew from the process leaving Mexicana and the Mexican government without a viable option. Mexicana then announced a plan to offer only charter flights. On November 11, the Mexican government announced that Iván Barona would invest 400 million dollars in Mexicana Airlines. Barona stated that Mexicana would resume operations in December 2011, with an aggressive business plan to regain all the territory lost, beginning with 9 Airbus A320s, and increasing the fleet size to 100 airplanes in 18 months. Barona failed to meet the conditions of the