Mexico City, Mexico — Mexican airline Aeromexico has announced it has canceled its registration in the Mexican Stock Exchange (BMV). On Wednesday, the airline announced that its shareholders approved the decision to cancel its registration in the Bolsa Mexicana de Valores (BMV).
The cancellation of the share registry and its listing “is part of the agreements reached by Aeromexico with its former creditors and investors,” who are now shareholders of the company, Aeromexico said in a statement.
On Monday, shareholders agreed “to cancel the registration of the shares representing their capital stock before the National Securities Registry.”
Authorization was given to carry out the necessary procedures to request the National Banking and Securities Commission to delist Aeroméxico’s shares from the BMV.
“In terms of the provisions of article 108, section II, of the Securities Market Law and other applicable legal provisions, it is approved to carry out the cancellation of the registration of the shares representing its capital stock of the company before the national securities registry and, consequently, the cancellation of their listing before the Mexican Stock Exchange,” reported Aeroméxico.
Aeromexico says with this, “it has fulfilled its obligations expressly assumed” in the financial restructuring plan after having declared bankruptcy in mid-2020.
Aeromexico, which operates more than 80 routes, was one of the airlines most affected by the covid-19 pandemic due to its international flight offer.