Aeromexico gets court approval extending exclusive period to file plan
MEXICO, June 22, 2021 / PRNewswire / – Grupo Aeroméxico, SAB de CV (“Aeromexico” or the “Company”) (BMV: AEROMEX). The Company advises that the United States Bankruptcy Court for the Southern District of new York, chairing Aeromexico’s voluntary financial restructuring process under Chapter 11, today approved a 75 calendar day extension of the company’s exclusive period to propose a reorganization plan. The Court approved the extension due, among other things, to the good progress made by the Company in its restructuring.
Aeromexico will continue, in an orderly manner, its voluntary financial restructuring through Chapter 11, while continuing to operate and provide services to its customers and to outsource to its suppliers the goods and services necessary for its operations. The Company will continue to strengthen its financial position and liquidity, protect and preserve its operations and assets, and implement the necessary adjustments to mitigate the effects of COVID-19.
This press release contains certain forward-looking statements which reflect the current opinions and / or expectations of the Company and its management with respect to its performance, activities and future events. We use words such as “believe”, “anticipate”, “plan”, “expect”, “intend”, “target”, “estimate”, “project”, “predict”, “foresee” ”,“ Guideline ”,“ should ”and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. These statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this press release. The Company has no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
About Grupo Aeromexico Grupo Aeroméxico, SAB de CV is a holding company whose subsidiaries are active in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexique, from Mexico global airline, has its main center of operations in Terminal 2 of the Mexico International airport. Its destination network has a reach in Mexico, United States, Canada, central America, South America, Asia and Europe. The Group’s current fleet includes Boeing 787 and 737, as well as the latest generation Embraer 190. Aeromexico is a founding partner of SkyTeam, an alliance which celebrates its 20th anniversary and offers connectivity in more than 170 countries, via the 19 partner airlines. Aeromexico has created and implemented a Health and Hygiene Management System (SGSH) to protect its customers and employees at all stages of its operation.
SOURCE Grupo Aeromexico SAB de CV