On January 11, the Mexican carrier Aeromexico has got the approval of its restructuring plan from creditors. This approval will allow the airline to take one step closer to exiting Chapter 11 bankruptcy proceedings in the United States.
Following the Court’s approval of Aeromexico’s Joint Plan of Reorganization, the airline has been gathering the support of creditors to approve the Plan. Nonetheless, there have also been several unsecured creditors lobbying against it, as it favored “company insiders, including Delta Air Lines and certain Mexican shareholders and directors.”
On January 11, the Mexican carrier Aeromexico got the approval of its restructuring plan from creditors. This approval will allow the airline to take one step closer to exiting Chapter 11 bankruptcy proceedings in the United States.
Daniel Martínez Garbuno is a Mexican journalist. He has specialized in the air industry working mainly for A21, a Mexican media outlet focused entirely on the aviation world. He has also published on other sites like Simple Flying, Roads & Kingdoms, Proceso, El Economista, Buzos de la Noticia, Contenido, and Notimex.
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