While the restructuring process of Aeroméxico progresses, the current shareholders seek to accommodate themselves to the new organization and maintain their positions of control and power within the group.
In addition to Delta’s intention to buy Aeroméxico debt for 185 million to maintain the strategic position on the company’s board of directors stated a few days ago, the intention of a group of Mexican shareholders was added today to participate in the emission of shares resulting from the voluntary financial restructuring under Chapter 11.
This is how the group expressed it in the communication it sent to the Mexican stock exchange:
«Grupo Aeroméxico was informed by an existing group of Mexican shareholders that they intend to participate in the new capital stock that Aeroméxico will issue as part of its reorganization plan under the current Chapter 11 voluntary financial restructuring process, for which they have carried out initial conversations with various creditors and potential investors of Aeroméxico.
To date, Aeroméxico is not aware of the formalization of any contract and, at the time, will report on the execution of any contract that may be formalized. The preceding is expected to be a long-term, controlling, material investment, in full compliance with the applicable provisions of Mexican foreign investment law.»
