Mexico City /
the United States Bankruptcy Court A final agreement, termination of proceedings under Chapter 11 of the Aeromexico Group.
In a statement to the Mexican Stock Exchange, the Mexican airline confirmed that on December 22, the US Bankruptcy Court for the Southern District of New York issued the final agreement for Close the negotiation process with the airline’s creditors.
With “the conduct of the corporate restructuring, its subsidiaries Aerovías de México, SA de CV, Aerolitoral, SA de CV, Aerovías Empresa de Cargo and SA de CV are permanently terminated,” the statement said.
The court ruling considered, among other things, that the restructuring plan Reorganized debtorswhich took full effect March 17, 2022, “has been substantially completed and distributions have been made on account of nearly 100 percent of all eligible applications for recognition allowed.”
The court decided that the issuance of the final agreement in which the legal firms participated was appropriate Davis Polk & Wardwell LLP and Sainz Abogados SCwho acted as legal advisors to Aeroméxico,
while signing Rothschild & Co Work as a financial advisor alixpartners He was responsible for advising on the financial restructuring of the company.