Aeroméxico and Key Stakeholders Agree to Revised Schedule

MEXICO CITY, Oct. 18, 2021 /PRNewswire/ — Grupo Aeroméxico, S.A.B. de C.V. (“Aeroméxico” or the “Company”) (BMV: AEROMEX) informs that (i) the hearing to approve the Disclosure Statement has been adjourned to November 10, 2021 (originally scheduled for October 21, 2021), (ii) the hearing to confirm the Joint Plan of Reorganization (the “Plan”) has been adjourned to on or around December 13, 2021 (the “Confirmation Hearing”) (originally scheduled for November 29, 2021), and (iii) the lenders under the Company’s DIP financing facility have agreed to extend the milestone under the DIP Credit Agreement to reflect the new Confirmation Hearing date.

Aeroméxico intends to continue working with its key stakeholders to finalize the Plan and emerge from chapter 11 as expeditiously as possible.

This press release contains certain forward-looking statements that reflect the current views 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,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such 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 release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Grupo Aeromexico: Grupo Aeroméxico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico’s global airline, has its main operations center in Terminal 2 of the Mexico City International Airport. Its destination network has reach in Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group’s current operating fleet includes Boeing 787 and 737 aircraft, as well as the latest generation Embraer 190. Aeromexico is a founding partner of SkyTeam, an alliance that celebrates 20 years and offers connectivity in more than 170 countries, through the 19 partner airlines. Aeromexico created and implemented a Health and Hygiene Management System (SGSH) to protect its clients and collaborators at all stages of its operation.

www.aeromexico.com   www.skyteam.com 

Cision View original content:https://www.prnewswire.com/news-releases/aeromexico-and-key-stakeholders-agree-to-revised-schedule-301402407.html

SOURCE Grupo Aeromexico S.A.B. de C.V.

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