Aeromexico Files for Bankruptcy, Says Operations Won't be Interrupted
Mexico City (dpa) - Airline Aeromexico on Tuesday said it filed for bankruptcy in the United States, becoming the latest aviation firm to succumb to the economic fallout from the coronavirus pandemic.
"We have initiated a voluntary procedure to implement a financial restructuring under the Chapter 11 process in the United States of America," the Mexico-based company said in a statement.
"This legal process will not interrupt the airline's operations. We are continuing to fly with enhanced health and safety measures."
Aeromexico chief executive officer Andres Conesa said Covid-19, the disease caused by the new coronavirus, has had "an unprecedented impact on the world economy and the travel industry."
Conesa said the company is "committed to taking the necessary steps to secure our future by utilizing the Chapter 11 process to become stronger and more resilient."
Aeromexico follows in the footsteps of fellow Latin American airlines LATAM and Avianca, which both filed for bankruptcy in May.
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