May 03, 2021
A New York bankruptcy judge has given Mexican airline Grupo Aeromexico SAB de CV the go-ahead to amend a prebankruptcy deal to acquire two dozen planes from Boeing after cutting a deal to shave $800 million and unneeded aircraft from the contract.
April 23, 2021
Mexican airline Grupo Aeromexico SAB de CV asked a New York bankruptcy court on Friday for permission to amend its pre-Chapter 11 petition agreement to acquire Boeing planes in hopes of saving $800 million and staving off potential lease rejection claims.
August 20, 2020
Bankrupt Mexican airline Grupo Aeromexico SAB de CV received interim approval Wednesday from a New York bankruptcy judge to borrow a portion of a $1 billion Chapter 11 loan being provided by Apollo Global Management Inc.
July 24, 2020
A New York bankruptcy judge has ruled that Mexican airline Aeromexico can reject the leases on 19 aircraft, allowing it to shed 15% of its fleet that the company said is surplus to what it needs to operate in the COVID-19 air travel market.
June 30, 2020
Mexican airline Aeromexico announced Tuesday that it has filed a voluntary Chapter 11 petition in New York bankruptcy court, joining the list of airlines to acknowledge that the COVID-19 pandemic has negatively impacted their business.