Aeromexico Exits Bankruptcy With Plan to Invest $5 Billion in Fleet
- Carrier filed for Chapter 11 in June 2020 due to the pandemic
- Investments will focus on fleet and ESG-related actions
Grupo Aeromexico airplanes at Benito Juarez International Airport in Mexico City, Mexico.
Photographer: Luis Antonio Rojas/BloombergThis article is for subscribers only.
Grupo Aeromexico SAB has emerged from its restructuring process and will invest $5 billion over the next five years to expand its fleet as it prepares to start growing again.
The carrier won court approval to emerge from Chapter 11 in late January but still had to fulfill certain conditions to finalize the process, Aeromexico said in a statement Thursday.