Stock Groups

Aeromexico says bankruptcy court accepts financing commitment letters -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – An Aeromexico Boeing 737 Max 9 fuselage is pictured at Mexico City’s Benito Juarez International airport on July 14, 2021. REUTERS/Luis Cortes

MEXICO CITY (Reuters – Mexican airline Aeromexico reported late Monday that a bankruptcy judge had accepted its commitment letters concerning exit financing. The confirmation hearing is scheduled for January 18.

Aeromexico, which filed Chapter 11 bankruptcy protection in America last year has been going through a restructuring plan with creditors and investors.

Aeromexico stated in a filing to Mexico’s stock market that the joint proposal had been supported by Delta Air Lines (NYSE) as a strategic partner and a strong group of Mexican investors.

“Aeromexico continues to collaborate with key stakeholders to secure court approval. It also works to close the Chapter 11 restructuring process as soon as it is possible.”

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]