by Amruth Sundarkumar | Jun 30, 2022 | Distressed / Defaulted Bonds
As part of bankruptcy restructuring, the majority of Aeromexico’s shareholders approved the proposal to exit the Mexican Stock Exchange. In March, the company exited bankruptcy protection and planned to spend $5bn by 2027 for fleet modernization and other...
by Amruth Sundarkumar | Mar 18, 2022 | Corporates, High Yield Bonds
Mexico´s airline Aerovías de México, S.A. de C.V (Aeromexico) has exited bankruptcy protection. It plans to spend $5bn by 2027 for fleet modernization and other upgrades. During the pandemic, Aeromexico filed for bankruptcy and in November 2021 got the proposal to...
by Megha Malhotra | Jan 18, 2022 | High Yield Bonds
Aerovias de Mexico (Aeromexico) shareholders approved a capital increase of $4.2bn as part of the Mexican carrier’s restructuring plan. The increase is subject to a third-party tender offer of its current shares and is awaiting US bankruptcy court approval on...
by Amruth Sundarkumar | Dec 17, 2021 | Corporates, High Yield Bonds
Mexico’s airline Aerovias de Mexico (Aeromexico) said that it received a tender offer from an unnamed third party. The third party bidder intends to buy up to 331,480,713 shares, representing 49% of the stock prior to the dilution from its restructuring plan. The...
by Amruth Sundarkumar | Nov 16, 2021 | High Yield Bonds
Aerovias de Mexico (Aeromexico) received a joint financing proposal to get out of bankruptcy, after announcing its restructuring plan a month ago. The offer came from the lenders in the second tranche of its debtor-in-possession (DIP) financing, along with certain...
