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Aeromexico information its Bankruptcy 11 Plan of Reorganization

  • Aeromexico information the Joint Plan of Reorganization, a disclosure remark to the Plan and a movement to approve solicitation procedures with admire to the Plan.
  • Aeromexico will proceed pursuing, in an orderly means, its voluntary financioal restructuring via Bankruptcy 11.
  • Aeromexico will proceed to make stronger its monetary place and liquidity and give protection to and keep its operations and belongings.

Grupo Aeroméxico, S.A.B. de C.V. knowledgeable that it filed, along with its subsidiaries which might be borrowers within the Corporate’s Bankruptcy 11 voluntary monetary restructuring procedure, the Joint Plan of Reorganization, a disclosure remark associated with the Plan and a movement to approve solicitation procedures with admire to the Plan.

Aeroméxico intends to report a number of dietary supplements to the Plan at the agenda set forth within the Plan or as in a different way ordered by way of the Court docket. A listening to to approve the Disclosure Commentary is predicted to be hung on or about October 21, 2021. Upon access of an order approving the Disclosure Commentary, the Corporate intends to start out the method to solicit votes at the Plan.

The submitting of the Plan is a key milestone on Aeroméxico’s trail to emergence from its Bankruptcy 11 procedure, and the Corporate seems ahead to proceed to have interaction with its stakeholders to finalize the Plan on a consensual foundation.

Aeroméxico will proceed pursuing, in an orderly means, its voluntary monetary restructuring via Bankruptcy 11, whilst proceeding to function and be offering services and products to its consumers and contracting from its providers the products and services and products required for operations.

Aeroméxico will proceed to make stronger its monetary place and liquidity, give protection to and keep its operations and belongings, and put into effect vital changes to mitigate the consequences of COVID-19.

Aerovías de México, S.A. de C.V. working as Aeroméxico, is the flag service airline of Mexico, primarily based in Mexico Town. It operates scheduled services and products to greater than 90 locations in Mexico; North, South and Central The usa; the Caribbean, Europe and Asia.

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