Grupo Posadas is a Mexican

Economy of Mexico

The economy of Mexico is the 13th largest in the world in nominal terms and the 11th by purchasing power parity, according to the World Bank.Since the 1994 crisis, administrations have improved the country's macroeconomic fundamentals...

 firm owned by Gastón Azcárraga Andrade, a member of the family which controls Televisa

Televisa

Televisa is a Mexican multimedia conglomerate, the largest mass media company in Latin America and in the Spanish-speaking world. It is a major international entertainment business, with much of its programming airing in the United States on Univision, with which it has an exclusive contract...

. In 2005, Grupo Posadas took control of Mexicana de Aviación, Mexico's second largest airline group. Over the next few years, the new owners shifted their business focus from the airline group's largest but least profitable airline, Mexicana

Mexicana de Aviación

Founded in 1921, Compañía Mexicana de Aviación, S.A. de C.V. was Mexico's oldest 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 and US Chapter 15...

, toward its two smaller but more profitable affiliates, Click and Link. The Mexicana unit was eventually stripped and sold after a long dispute with the airline's unions failed to produce any significant givebacks

Givebacks

Givebacks is a Trade union term for the reduction or elimination of previously won benefits.-History:1978: The first known publication of the term giveback in relation to organized labor negotiations was in the New York Times...

by unions.