Aeromexico Plans US Stock Listing After Withdrawing From Mexican Market
- CFO Ricardo Sanchez Baker speaks in interview with Bloomberg
- Carrier emerged from Chapter 11 seeking to delist in Mexico
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Grupo Aeromexico SAB, seeking a more liquid stock market, is planning to delist from the Mexican exchange and trade in New York as soon as this year.
The airline’s board in June approved a plan to cancel its registration in its home country and launch a voluntary tender offer for outstanding shares. Aeromexico emerged from Chapter 11 in March after filing for bankruptcy protection in the US in 2020. The exit agreement included a clause promising to delist in Mexico to find better markets with more liquidity, according to a filing.