Aeroméxico concludes restructuring process and emerges from the Chapter 11

aeromexico restructures process emerges chapter 11

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Group Aeroméxico concluye con éxito su proceso de reestructura financiera y emerge del Capíleakage 11.

Grupo Aeroméxico, S.A.B. of C.V.. announcementó que ha concluido exitosamente su proceso de reestructura financiera y ha emergido de su procedimiento bajo el Capíleakage 11 tras la confirmación de la Corte de su Plan de Reestructura sin objeciones y habiendo cumplido determinadas condiciones.

Aeroméxico sale del Capíleakage 11

El valor de capital de la Compañía reestructurada (“Plan Equity Value”) is approximately $2,560 million dollars and among its main shareholders are funds managed by Apollo Global Management, Delta Air Lines, así como los existentes y nuevos inversionistas mexicanos que forman el grupo de control de voto. The Baupost Group, Silver Point Capital, Oaktree Capital Management y otros fondos que formaban parte del grupo ad-hoc de acreedores también son accionistas. The group of investors has contributed approximately $720 million dollars in new capital. This is in addition to other amounts related to commissions accrued under the Secured Preferred Financing. (DIP Facility) and contributions to capital stock payable in new shares in accordance with the provisions of the Restructuring Plan.

further, inversionistas clave están fondeando nueva deuda para la salida de la Compañía por aproximadamente $762.5 mdd a través de nuevas notas emitidas en los USA denominadas en dóhomes, totaling approximately $1,500 million dollars in new capital, demonstrating recognition of the long-term value that the Companyñía can create in your service to customers like aerolíflag line of México.

With integró a new Board of Directorsón with majoríof Mexican citizens and independent members, in full compliance with the laws and regulations of our countryís in terms of investmentóforeign n, along with the participationócontinued participation of existing Mexican controlling investors, the President of the Council, Javier Arrigunaga and the CEO, Andrewés Conesa.

“And Aeroméxico we are ready to fly with a new air. Today is a Dívery exciting for Aeroméxico and we are ready to reach new heights as we emerge from Capíleakage 11. We are ready to start a new chapterítitle in the history of our Companyñía, supported by a strong financial base, nailsóWe have a capital structure and investors with full confidence in our future.», Mr said. With that.

Throughout the restructuring process, Aeroméxico has worked to expand its operations sustainably, opening 6 new routes, restarting service in más de 30, e incrementando su oferta total de asientos en más de 320% compared to june 2020. Currently, the companyñíto fly 84 national and international routes, connecting the main cities of México like Guadalajara and Monterrey, with the European market throughés of Madrid. On 2022, Aeroméxico continueá this boost restarting service to London.

As AeroméXico heads into the future with a strengthened balance sheet, the Company fleetñía playá a fundamental role in its continued transformationón. From 2021, Aeroméxico has received 31 planes and are expected to arrive 22 más in the remainder of the añO. At the end of theñO, the companyñíplans to have a fleet of 147 aircraft with an average age of seven toños, which makes it the fleet más robust and efficient in the Mexican market offering greater comfort to passengers, menores costos de operationón y más friendly to the environment.

During prówe moan 5 años, Aeroméxico investá 5 $1 billion in fleet and other key actions to consolidate the experience of its customers and collaborators, which will beá más sustainable, attached to its environmental strategy, Sustainability and Governance (ESG).

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