On the second link provided by fdgolf the news says:
A decir del titular de la SCT, Juan Molinar Horcasitas, la suspensión de vuelos no significa la quiebra o desaparición de la empresa, sino que permitirá continuar con la fase preliminar de la solicitud de concurso mercantil y mediante éste llevar a cabo la reestructura de la compañía.
Which means...
"In the words of the Secretary of Communications and Transportation, Juan Molinar Horcasitas, the suspension of flights doesn't mean the definitive bankruptcy or the disappearance of the airline, but it will allow to continue with the preliminary phase of the request of bankruptcy protection and by those means accomplish the company restructure."
How does that work?