Grupo Aeroméxico will receive $1,482 million with financial restructuring

Grupo Aeroméxico reported that with the financial restructuring it is conducting, Chapter 11 of the US Bankruptcy Code They will receive $1,482 million in resources.

In a statement, the Airline He specified that of this amount, 720 million dollars of new capital and 762.5 million dollars of new debts.

“We are in a position of financial strength and liquidity Which we believe will allow us to exit the restructuring in very favorable conditions and focus on our consolidation and growth,” the company noted.

As part of this process, the airline stated that a company, unrelated to the company, would initiate proceedings before National Banking and Securities Commission (CNBV) and the Mexican Stock Exchange (BMWto submit an offer to acquire 49 percent of the shares.

“The shares listed as a whole will, at the end of the offering and once the plan go into effect, represent less than 0.01 percent of the total. of future shares that represent the company’s capital, given the dilution resulting from the capitalization of new obligations and contributions to the capital.” Air Mexico.

in this way, The new airline structure will be created with a 22.38 percent stake by Apollo Global ManagementR ; 20 percent for Americans Delta Airlines and Mexican strategic shareholders, with 4.10 percent.

These last personalities are businessmen Eduardo Tricio Haro, Valentin Díez Morrodo, Antonio Cúsio Bando and Jorge Esteve Recolones.

It was in June last year when Grupo Aeroméxico filed for Chapter 11 US bankruptcy law, with the goal of starting restructuring to face the effects of the coronavirus pandemic.

MRA