Aeromexico’s Chapter 11 has had a battle with unsecured creditors in the last few weeks. The Mexican carrier, Delta Air Lines, and Apollo Global Management have faced pressure and accusations from creditors urging the court to reject Aeromexico’s Reorganization Plan…
Exactly as planned, Philippine Airlines has emerged from Chapter 11 bankruptcy protection within four months of entering. The airline completed its restructuring on December 31, 2021, after having filed for voluntary bankruptcy protection with the New York Southern District Court on September…
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Today we’ll answer how to avoid dilution in Aeromexico? The airline has just announced a public tender offer to be launched by a third party. This offer will give existing shareholders an option to withdraw from the current capital stock.…
Delta Airlines has announced equity stake changes in LATAM and Aeromexico, two Latin American carriers currently under the Chapter 11 bankruptcy process. Delta will see its equity stakes in both airlines dilute due to the reorganization process. The US carrier will…
The wait is over; today, Avianca exits Chapter 11. The South American carrier announced it has successfully achieved agreements with its creditors, raised fresh investments of US$1.7 billion, and obtained approval for its plan of reorganization . Avianca will emerge “with…