All Aeromexico articles – Page 2
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NewsAeromexico’s creditors approve restructuring plan
Grupo Aeromexico’s creditors have approved its restructuring plan, moving the Mexican carrier one step closer to exiting Chapter 11 bankruptcy proceedings in a US court.
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NewsDelta to invest $1.2bn to bolster equity roles in Aeromexico, LATAM and Virgin Atlantic
Delta Air Lines is underpinning its partner airline strategy by investing a further $1.2 billion to retain significant equity stakes in Aeromexico, LATAM Airlines Group and Virgin Atlantic following their respective restructurings or recapitalisations.
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NewsCreditors object to Delta’s role in Aeromexico bankruptcy financing
Numerous creditors are objecting to Aeromexico’s restructuring plan, claiming the plan is marred by conflicts of interest involving parties including Delta Air Lines.
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NewsAeromexico files amended restructuring plan
Mexican carrier Aeromexico has filed an amended reorganisation plan with a US bankruptcy court that includes a proposal to give lead lender Apollo Global Management an equity stake.
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NewsAeromexico shows improved Q3 in line with industry
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, says the airline’s position during the third quarter of 2021 continued to improve in line with the global aviation industry.
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NewsLatin airlines to lag North American recovery as restructuring costs bite: IATA
IATA expects the “entire Americas continent” to be open for air travel from November, but foresees a north-south divide in the financial recovery story.
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NewsAeromexico files restructuring plan with US bankruptcy court
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, has filed a restructuring plan with a US court as it works through bankruptcy proceedings. The Mexico City-based carrier said on 2 October that the filing of the plan, to the bankruptcy court for the Southern District of New York, is ...
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Airline BusinessFor Latin America’s airlines, return to 2019 is ‘not good enough’
As Latin American carriers make a steep climb out of the crisis, the region’s pre-pandemic normal is an undesirable summit
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NewsAeromexico continues a steady recovery in Q2
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, says the airline continued steadily recovering from the coronavirus crisis during the second quarter of the year, as both domestic and international travel contributed to narrowing its financial loss.
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NewsAeromexico granted extension to file reorganisation plan
Flag carrier Aeromexico has obtained approval from the US Bankruptcy Court for the Southern District of New York for a 75-day extension to propose a reorganisation plan.
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NewsAeromexico seeks to cut Boeing orders, proposes 28 new jets
Mexican carrier Aeromexico intends cut its Boeing 737 Max orders and acquire more 787s as part of a proposed restructured aircraft purchase agreement with the Chicago airframer.
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NewsInternational capacity rise helps support Aeromexico Q1 results
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, says a small rise in international capacity is helping the airline slowly recover from the coronavirus crisis as it continues to work through bankruptcy protection proceedings.
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NewsAeromexico sees ‘encouraging signs’ for 2021
Despite significant 2020 losses and an ongoing bankruptcy proceeding, Grupo Aeromexico, the parent of Aeromexico, sees “encouraging signs of recovery”.
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NewsAeromexico and LATAM seek to codeshare on US flights
Aeromexico and LATAM Airlines Group have agreed to a codesharing partnership under which Aeromexico’s flights to the USA will carry LATAM flight codes.
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NewsAeromexico is second carrier to resume 737 Max flights
Mexican flag carrier Aeromexico became the world’s second airline to return the beleaguered Boeing 737 Max to revenue service after a 20-month grounding following two fatal accidents.
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NewsDelta and Aeromexico see recovery in transborder flights
Delta Air Lines and Aeromexico plan to operate nearly the same amount of capacity for transborder flights in December as they did during the same month of 2019.
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NewsAeromexico reports dismal Q3 results, but sees improvement
Grupo Aeromexico, the parent company of Mexico’s legacy carrier, Aeromexico, reported a sharp decline in year-on-year revenue and a net loss for the third quarter as the coronavirus clipped the airline’s operations and bankruptcy proceedings continue in a US court.
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Airline BusinessLatin American aviation’s coronavirus slumber far from over
As the global aviation industry gets used to the idea that a rebound may take three years, the sector in Latin America is looking at a particularly difficult recovery, as airlines report staggering losses, borders remain closed and governments continue withholding aid.
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NewsAeromexico looks to quit 19 aircraft leases
Grupo Aeromexico, the parent company of Mexico’s flag carrier, has petitioned to be released from aircraft and engine leases as it seeks to shrink its fleet to reduce costs.
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NewsAeromexico files for bankruptcy
Grupo Aeromexico, the parent company of Mexican flag carrier Aeromexico, has filed for Chapter 11 bankruptcy protection in the US after the coronavirus pandemic decimated its business.