Mexico City , Mexico ( CNN ) -- Grupo Mexicana suspended operations at its three airlines Saturday `` until further notice , '' citing the financial problems inherited when the group changed owners a week ago . The company 's three airlines -- Mexicana Airlines , MexicanaClick and MexicanaLink -- stopped all flights at midday Saturday , according to a statement from the group . `` Today 's decision is a painful one for the 8,000-strong Grupo Mexicana family , but we will continue seeking out ways of securing the company 's long-term financial viability , so our passengers can once again enjoy the quality services they are accustomed to , '' the statement said . `` We hope to be back in the air soon and would like to thank everyone involved in this process for their support and understanding . '' Grupo Mexicana said the current management received the company in a state of technical bankruptcy last week after it had filed for insolvency protection . It also cited the fact that the previous management had stopped selling tickets for the airlines a month ago , `` forcing the company to continue operating in the interests of passengers without receiving any revenue . '' The company advised passengers still holding tickets to consult its website to apply for refunds , or for those traveling Saturday , to contact Grupo Mexicana for assistance .
Company owns Mexicana Airlines , MexicanaClick and MexicanaLink . The company has been in the news recently for its controversial decision to buy a stake in Mexican airline Volaris. Grupo Mexicana changed owners a week ago . Company hopes to begin flying again soon .