U.S. Court Gives Aeromexico More Time to File a Plan

Caribbean News…
24 June 2021 6:38am
aeromexico plane in the air

Grupo Aeroméxico informs that the United States Bankruptcy Court for the Southern District of New York, presiding over Aeromexico's Chapter 11 voluntary financial restructuring process, today approved a 75 calendar day extension of the Company's exclusive period to propose a plan of reorganization.  

The Court approved the extension because, among other reasons, of the good progress the Company has made with its restructuring.  

Aeromexico will continue pursuing, in an orderly manner, its voluntary financial restructuring through Chapter 11, while continuing to operate and offer services to its customers and contracting from its suppliers the goods and services required for operations. The Company will continue to strengthen its financial position and liquidity, protect and preserve its operations and assets, and implement necessary adjustments to mitigate the effects of COVID-19.

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