Aeromexico Files for Ch. 11 Bankruptcy Protection in U.S.

Financial Post | Jul 1, 2020 at 2:25 AM
  • Grupo Aeromexico SAB, Mexico’s second-largest airline, filed for bankruptcy in the U.S., becoming the latest in a string of Latin American carriers to seek court protection after the Covid-19 pandemic caused a severe downturn in travel.
  • Latin American airlines, unlike their counterparts in the U.S. and Europe, have received scant government support even as travel demand plunged and the coronavirus prompted countries to seal borders.
  • The region’s largest carrier, Latam Airlines SA, filed for Chapter 11 bankruptcy in May just weeks after Avianca Holdings SA, Colombia’s biggest airline.