Aeromexico has filed for Chapter 11 Bankruptcy Reorganization.
Aeromexico is now the third Latin American airline to file for Chapter 11 Bankruptcy in the United States during COVID-19, following both Avianca and LATAM.
Aeromexico will use Chapter 11 Reorganization to strengthen its financial position while increasing its liquidity to emerge from this crisis stronger. Aeromexico will continue to fly and plans to double the number of domestic flights in July compared to June.
This is their restructuring process:
Once again, if it wasn’t obvious already, Aeromexico is not ceasing operations or liquidating. They’re simply allowing themselves to restructure and strengthen their financial position.