Aeromexico files for bankruptcy as coronavirus slams airlines worldwide

Fox Business | Jul 1, 2020 at 2:54 AM
  • Mexican airline Aeromexico said on Tuesday it had begun restructuring under Chapter 11 proceedings, the latest Latin American airline to run into serious trouble as the coronavirus pandemic wreaks havoc on tourism and business travel.
  • Investment holding company Aimia Inc (AIM.TO) threw Aeromexico a $50 million financial lifeline on Monday, after loaning it another $50 million in May.