Financial basis

Aeroméxico submits its Reorganization Plan


Posted: Oct 1, 2021, 6:51 PM MDT|Update: 10 hours ago

MEXICO, October 1, 2021 / PRNewswire / – Grupo Aeroméxico, SAB de CV (“Aeroméxico” or the “Company”) (BMV: AEROMEX) informs that it has filed today, with its subsidiaries which are debtors as part of the financial restructuring process Company Volunteer, the Chapter 11 Joint Plan of Reorganization (the “Plan”), a disclosure statement related to the Plan (the “Disclosure Statement”) and a motion to approve the solicitation procedures relating to the Plan. The Company intends to file one or more supplements to the Plan according to the schedule established in the Plan or otherwise ordered by the Court. A hearing to approve the disclosure statement is expected to take place on or about 21 October 2021. Upon entry of an order approving the disclosure statement, the Company intends to begin the process of soliciting votes on the plan.

Filing the plan is a key step on the Company’s path towards the emergence of its Chapter 11 process, and the Company looks forward to continuing to engage with its stakeholders to finalize the plan on a consensus basis.

Aeroméxico will continue, in an orderly manner, its voluntary financial restructuring through Chapter 11, while continuing to operate and offer services to its customers and to subcontract to its suppliers the goods and services necessary for its operations. The Company will continue to strengthen its financial position and liquidity, protect and preserve its operations and assets, and implement the necessary adjustments to mitigate the effects of COVID-19.

This press release contains certain forward-looking statements which reflect the current opinions and / or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe”, “anticipate”, “plan”, “expect”, “intend”, “target”, “estimate”, “project”, “predict”, ” anticipate ”,“ guideline ”,“ should ”and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. These statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this press release. The Company has no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

About Grupo Aeromexico: Grupo Aeroméxico, SAB de CV is a holding company whose subsidiaries are active in commercial aviation in Mexico and in the promotion of passenger loyalty programs. Aeromexico, Mexico’s global airline, has its main operations center in Terminal 2 of Mexico City International Airport. Its network of destinations extends to Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group’s current fleet includes Boeing 787 and 737, as well as the latest generation Embraer 190. Aeromexico is a founding partner of SkyTeam, an alliance which celebrates its 20th anniversary and offers connectivity in more than 170 countries, via the 19 partner airlines. Aeromexico has created and implemented a Health and Hygiene Management System (SGSH) to protect its customers and employees at all stages of its operation.

www.aeromexico.com www.skyteam.com

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SOURCE Grupo Aeromexico SAB de CV

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