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AICM seizes two Aeromar hangers for outstanding debt

Mexico City, Mexico — The Mexico City International Airport (AICM) reported the seizure of two Aeromar hangars for an outstanding debt of approximately 500 million pesos.

For the time being, the hangers are in charge of the Secretary of the Navy (Semar). The seizure will not hinder the regular operations or maintenance of the airline.

In a joint statement with the Ministry of Infrastructure, Communications and Transportation (SICT), authorities said they had met with legal representatives of the company to require payment or the signing of a guaranteed debt acknowledgment agreement, however, there was a “refusal” from the company to comply with its obligations.

On January 16, airline executives will meet with the AICM Legal Affairs Department to seek a definitive payment agreement with a non-extendable term and by means of a guarantee “to the total satisfaction of the AICM authorities.”

The airline has been going through a financial crisis for several years. In 2019, Aeromar workers warned that the company was in a “technical bankruptcy”. With the covid-19 crisis in 2020, the airline had a rebound to some US destinations, but its situation led to a cut in wages and later, to the non-payment of benefits that has extended to date.

Since 2021, both the pilots union and the flight attendants union called a strike that has been extended several times. Despite the situation, company managers say they are looking for fresh capital.

Danilo Correa, CEO of the airline stated in October of 2021 that there were two companies interested in investing up to $100 million USD in Aeromar, something that to date, has not happened.