Aeromexico has filed for voluntary Chapter 11 bankruptcy in the US as it seeks a financial restructure.
The Company intends to use the process to strengthen its financial position and implement necessary operational changes to address the impact of the ongoing COVID-19 pandemic and create a sustainable platform for the future.
“Our industry faces unprecedented challenges due to significant declines in demand for air transportation,” said Andrés Conesa, Chief Executive Officer of Aeromexico. “We are committed to taking the necessary measures so that we can operate effectively in this new landscape and be well prepared for a successful future when the COVID-19 pandemic is behind us.”
During this process, Aeromexico’s operations will continue, with the airline expecting to double the number of its domestic flights and quadruple the number of international flights as compared to June. It states it is also committed to continuing to safely expand flight service in the coming months, in line with local regulations and customer demand, and therefore to continue ordering goods and services from its suppliers.