February 23, 2022
Grupo Aeromexico asked a New York bankruptcy judge on Wednesday to approve more than $37 million in settlements with a pair of aircraft owners to resolve claims stemming from the airline's rejection of leases on the planes in its Chapter 11 case.
January 28, 2022
A New York bankruptcy judge approved Grupo Aeromexico's Chapter 11 plan Friday after counsel for the airline told her it had reached a last-minute deal with the last remaining creditors opposed to the restructuring proposal.
January 27, 2022
Airline Grupo Aeromexico on Thursday began the confirmation hearing for its Chapter 11 plan by telling a New York bankruptcy judge that it had reached a $40 million settlement of objections to the plan raised by unsecured creditors.
January 14, 2022
An investment firm objecting to Grupo Aeromexico's proposed Chapter 11 plan Friday asked a New York bankruptcy judge to reject the airline's request that it be held to an agreement to support the plan signed by the union it purchased its claims from.
December 03, 2021
Grupo Aeromexico's unsecured creditors committee has told a New York bankruptcy judge it will oppose the airline's proposed Chapter 11 plan, saying it gifts corporate insiders with nearly $268 million in equity while shorting other creditors.
November 29, 2021
A group of Grupo Aeromexico creditors is asking a New York bankruptcy judge to reject the airline's proposed $1.7 billion Chapter 11 exit financing package, saying they have a deal that will double recovery for unsecured creditors and provide the airline with more cash.
October 08, 2021
Bankrupt airline Grupo Aeromexico told a New York bankruptcy court on Friday that it has received commitments for more than $1.7 billion in exit financing that will ensure the company leaves its Chapter 11 case with sufficient funding to flourish.
July 09, 2021
Bankrupt airline Grupo Aeromexico said Friday that existing shareholders have communicated with the company that they intend to buy a controlling interest in the debtor when it makes new equity available as part of its Chapter 11 plan.
June 22, 2021
Mexican airline Grupo Aeromexico SAB de CV got another 75 days to file its Chapter 11 plan on Tuesday after telling a New York bankruptcy judge that it is cautiously optimistic a deal on exit financing will be coming soon.
May 17, 2021
Mexican airline Grupo Aeromexico SAB de CV has asked a New York bankruptcy judge to reject a request by the manager of its customer loyalty program to approve a deal the companies struck in December, saying only debtors can submit settlements to the court.