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Aeromar announces definitive suspension of all flights

Mexico City, Mexico — Aeromar has announced the suspension of all its flights due to a financial crisis. Up until three days ago, the airline was operating with only two planes, however, ongoing financial issues that have lasted four years has caused the airline to fold.

On Wednesday, Aeromar posted press releases on its website and social media announcing that all flights have been suspended.

After 35 years in operations, Aeromar announced the definitive cessation of its operations. As of Wednesday morning, Aeromar only had a couple of confirmed flights at the Mexico City International Airport ( AICM ), however, still, the company canceled all its operations.

“This decision responds to a series of financial problems that the airline has been going through, as well as the difficulty of closing agreements with viable conditions that would ensure Aeromar’s operations in the long term,” the airline said in a statement.

The statement was released a few hours from the noon expiry of a term to settle a 520 million peso debt with the AICM, its main hub.

With the cessation of operations, Mexico Aeromar flights will also stop in Mexico City, Acapulco, Aguascalientes, Cancun, Chetumal, Ciudad Victoria, Colima, Cozumel, Guadalajara, Ixtapa Zihuatanejo, Ixtepec, Mazatlán, Mérida, Monterrey, Piedras Negras, Puerto Escondido, Puebla, Puerto Vallarta, Tepic and Villahermosa.

The airline also had international destinations that included Havana, Cuba and Laredo, and McAllen, Texas.

In mid-January, authorities seized two airline hangars at the airport with which a payment agreement was sought with a non-extendable term.