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Aeromexico says bankruptcy process complete and announces routes from AIFA

Mexico City, Mexico — Grupo Aeroméxico says it has completed its financial restructuring process under Chapter 11 of US law. The airline said that as part of the restructuring, it capitalized unsecured loans of about $2.3 billion and some loans under its DIP financing (Guaranteed Preferred Financing) for about $750 million.

In a statement, the company also obtained new capital contributions of more than $700 million from a group of investors.

“Today is a very exciting day for Aeromexico and we are ready to reach new heights as we emerge from Chapter 11,” the airline’s CEO, Andrés Conesa said. “We are ready to begin a new chapter in our company’s history.”

Aeromexico says they are hoping to add 22 aircraft to its fleet during 2022, which will put 147 units in operation by the end of the year.

It also plans to invest $5 billion over the next five years in the fleet and other key actions to consolidate its growth after announcing that it has completed its financial restructuring process.

The airline also reported that, after completing the corresponding procedures, they will begin offering routes to Mérida, Yucatán and Villahermosa, Tabasco, from the Felipe Ángeles International Airport (AIFA) as of March 21.

With the new routes, it will be connecting directly to the metropolitan area of Mexico City with 43 national destinations.