AeroMéxico files its Plan of Reorganization

AeroMexico Boeing 737-8 MAX 8 XA-MAO (msn 43707) JFK (Jay Selman). Image: 404116.

Grupo Aeroméxico, S.A.B. de C.V. informs that on October 1, 2021, it filed, together with its subsidiaries that are debtors in the Company’s Chapter 11 voluntary financial restructuring process, the Joint Plan of Reorganization (the “Plan”), a disclosure statement related to the Plan (the “Disclosure Statement”) and a motion to approve solicitation procedures with respect to the Plan. The Company intends to file one or more supplements to the Plan on the schedule set forth in the Plan or as otherwise ordered by the Court. A hearing to approve the Disclosure Statement is expected to be held on or about October 21, 2021. Upon entry of an order approving the Disclosure Statement, the Company intends to begin the process to solicit votes on the Plan.

The filing of the Plan is a key milestone on the Company’s path to emergence from its Chapter 11 process, and the Company looks forward to continue to engage with its stakeholders to finalize the Plan on a consensual basis.

Aeroméxico 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.

Top Copyright Photo: AeroMexico Boeing 737-8 MAX 8 XA-MAO (msn 43707) JFK (Jay Selman). Image: 404116.

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