Aeromexico Aircraft - If everything goes according to plan, Aeromexico should exit Chapter 11 in the first months of 2022. Judge Chapman approved Aeromexico's exit financing motion and has set a schedule for plan confirmation. Aeromexico is set to have the plan confirmation hearing between January 18 and 21.
Mexico has had the best traffic recovery worldwide in 2021. According to data provided by the Mexican government, the airline industry recovered 95% of its pre-pandemic traffic levels by November. That's right, 95% overall, both domestic and international!
Aeromexico Aircraft
In December, it could have easily gotten back to 100% or even a little further. We will have to wait for a little to check out December stats. The Committee, Invictus Global Management, and the Ad Hoc Group of OpCo Creditors believe certain insiders (like Delta Air Lines) are benefiting while leaving other creditors and Aeromexico itself not in the best position.
Chapter Exit
They are objecting to the airline's plan. Lead Journalist - South America - Daniel comes to Simple Flying with many years of aviation journalism experience, having worked with Mexican publication A21, Roads & Kingdoms, El Economista and more.
His degree in journalism allows him to form beautifully crafted and insightful pieces. His specialist knowledge of Latin American airlines and close relationship with the likes of Aeromexico, Avianca, Volaris brings depth to our coverage in the region.
Based in Mexico City, Mexico. While the Committee fully supports the pursuit of an exit financing transaction and reorganization plan, it believes there has been a damaging influence of insiders throughout Aeromexico's exit financing process. Therefore, the Committee believes the Plan is not in the best interest of Aeromexico's unsecured creditors.
If Aeromexico exits Chapter 11 in 2022, the airline could resume those plans. The E1 fleet is aging, and new generation aircraft should lower costs for Aeromexico. In Brazil, Azul expects to have a 100% next-gen fleet by 2026 by replacing the E1 with E2s and have incredible savings.
Back To Pre-Pandemic Traffic Levels
Aeromexico could do something similar. The Mexican carrier Aeromexico is finishing 2021 with a number of passengers close to the pre-pandemic traffic levels. Despite the ongoing Chapter 11 bankruptcy process, Aeromexico is flying strong due to an incredible bounce back from the Mexican airline industry.
What can we expect from Mexico's oldest operator next year? Let's find out.
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