LatinNews Daily - 30 June 2022

In brief: Aéromexico to exit Mexican stock exchange

*Shareholders in Mexico’s airline holding company Grupo Aeroméxico have approved the cancellation of the company’s listing on the Mexican stock exchange, Bolsa Mexicana de Valores, (BMV), as part of the airline’s bankruptcy restructuring. In a statement, the airline said it would initiate a buy-back programme. Aéromexico stated that the process of cancelling the share registration and listing of shares was part of the agreements reached with the airline’s former creditors and investors, who are now shareholders of the company. The airline had filed for Chapter 11 protection in the US in July 2020, which permits reorganisation under US bankruptcy laws, after experiencing financial difficulties due to travel restrictions during the coronavirus (Covid-19) pandemic. Aéromexico announced it had exited bankruptcy in March.

End of preview - This article contains approximately 124 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.