Bolsa de Madrid 9 a.m. to 5:30 p.m.; open outcry from 10a.m. to 11:30 a.m., both Monday through Friday The "Bolsa de Madrid" was officially founded in 1831. In 1993, the Bolsa de Madrid switched to all-electronic trading for fixed-income securities. As required by Spanish law, it is managed and operated by the "Sociedad Rectora de la Bolsa de Valores de Madrid S.A.," a corporation organized under the laws of the Kingdom of Spain. The membership of the Madrid Stock Exchange consists of 41 major financial institutions and 12 established securities dealers. At December 31, 2001, approximately 1477 domestic and foreign companies had
Mexicana de Aviación 1993, a reorganized Aeroméxico took over as the company struggled financially. During the mid-1990s, the Mexican economy was hard-hit by the devaluation of the Mexican peso and Mexicana, Aeroméxico, and their regional affiliates were nationalized when their parent company, CINTRA (Corporación Internacional de Transporte Aereo), was taken over by the government. The airlines remained in their merged state until 2005. As happened in 1967, a new management team was hired, this time headed by President and CEO, Fernando Flores. The company was reorganized and rationalized, with a new emphasis placed on international service. Unprofitable routes were cut and the DC-10s