Aeroméxico’s reorganization plan is accepted by all classes of voting creditors

MEXICO CITY, January 21, 2022 /PRNewswire/ — Grupo Aeroméxico, SAB de CV (“Aeroméxico” or the “Company”) (BMV: AEROMEX) advises that the bankruptcy court has announced that it will grant an order granting the Company’s motion to to enforce a court order requiring certain parties to vote on their claims to accept the Company’s Plan of Reorganization (the “Plan”). As a result, all eight categories of creditors eligible to vote on the plan (including unsecured creditors of Aerovías Empresa de Cargo, SA de CV) voted in favor of the plan, with approximately 88% of the amount of claims voting in favour. Previously, seven of the eight classes (totalling approximately 86% depending on the amount of claims) had voted in favor of accepting the Plan. The court hearing to consider confirmation of the plan is scheduled to begin on January 272022.

Aeroméxico continues to work with all of its major stakeholders to obtain court approval of the plan and exit Chapter 11 as quickly as possible after the plan’s effective date. Importantly, during the general meeting of shareholders held on January 14, 2022the Company has passed the corporate resolutions necessary to implement the Plan, which are subject to the occurrence of the Effective Date of the Plan.

This press release contains certain forward-looking statements that reflect the current beliefs and/or expectations of the Company and its management regarding its performance, business and future events. We use words such as “believe”, “anticipate”, “plan”, “expect”, “intend”, “target”, “estimate”, “project”, “predict”, ” anticipate,” “guideline,” “should,” and similar expressions to identify forward-looking statements, but these are not the only ways 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 release. The Company is under 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 Aeromexico, SAB de CV is a holding company whose subsidiaries are active in commercial aviation in Mexico and promoting passenger loyalty programs. Aeromexico, from Mexico global airline, has its main center of operations in Terminal 2 of the Mexico City International airport. Its destination network extends over Mexico, United States, Canada, central America, South America, Asia and Europe. The Group’s current operational fleet includes Boeing 787s and 737s, as well as the latest-generation Embraer 190s. Aeromexico is a founding partner of SkyTeam, an alliance which celebrates its 20th anniversary and offers connectivity in more than 170 countries, through the 19 partner airlines. Aeromexico has created and implemented a Health and Hygiene Management System (HSMS) to protect its customers and employees at all stages of its operation.

SOURCE Grupo Aeroméxico, SAB de CV

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