Grupo Aeroméxico appears poised to emerge from bankruptcy in a few days, but analysts think the Mexican airline faces difficult challenges as it faces low-cost competitors such as Volaris, which has become the most active player in the local market. Aeroméxico, which filed for bankruptcy in 2020 amid a sharp drop in demand due to […]
Tag: Aeromexico
Aeroméxico announces that creditors have approved its restructuring plan
Updated on 01/12/2022 09:49 am Grupo Aeroméxico, which operates the main Mexican airline, reported that its creditors approved its restructuring plan in a vote that ended on January 7 and the results of which it sent to a bankruptcy court in the United States on Tuesday. Aeromexico, which like other airlines in the world has […]
Aeroméxico will seek creditors’ vote on restructuring plan
Grupo Aeroméxico SAB obtained judicial permission to send its restructuring plan to creditors for a vote, a key step before the airline seeks final court approval to exit bankruptcy. US bankruptcy judge Shelley Chapman said she will sign a final order that will allow voting to begin after the company and a committee of unsecured […]