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.
In a statement, Aeromexico categorized the Chapter 11 process as “voluntary” and said it was sticking to its goal of boosting operations in the coming weeks.
Aeromexico is the third airline to file for bankruptcy protection in Latin America, where carriers have been more affected by the crisis than anywhere else in the world.
The Mexican firm said . . .
Already a Subscriber? Login Here
