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UPDATE 1-Aeromexico says Mexican shareholders eye controlling stake in capital raise

Reuters2021-07-09

(Adds no comment from Delta)

MEXICO CITY, July 9 (Reuters) - Aeromexico said on Friday a group of Mexican shareholders and business people had informed the airline they aimed to participate in a major capital raising as part of the company's Chapter 11 restructuring process in the United States.

Aeromexico in a statement said it was unaware that any agreement had been reached so far, but would provide details as and when one was in place. It also noted it expected the investment to be "substantial, controlling and long-term."

Delta Airlines , which owned a noncontrolling 51% stake in Aeromexico as of Dec. 31, declined to comment. Delta took a $770 million charge on its investment last year after the carrier's Chapter 11 bankruptcy filing.

Aeromexico did not provide details on the identity of the shareholders and business people.

The Mexican company filed for Chapter 11 bankruptcy protection in a U.S. court last year after the coronavirus pandemic slammed the global travel industry.

(Reporting by Raul Fernandez Cortes in Mexico City Additional reporting by Tracy Rucinski in Madrid Writing by Drazen Jorgic Editing by Matthew Lewis)

((drazen.jorgic@tr.com; Reuters Messaging: drazen.jorgic.thomsonreuters.com@reuters.net))

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  • kro_ax
    ·2021-07-10
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