AEROMÉXICO'S GENERAL ANNOUNCEMENT

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Oct 24, 2023, 09:15 ET

MEXICO CITY, Oct. 24, 2023 /PRNewswire/ -- We refer to Grupo Aeroméxico, S.A.P.I. de C.V., a sociedad anónima promotora de inversión de capital variable organized under the laws of Mexico (the "Company") and the Company's 8.500% Senior Secured Notes due 2027 (the "2027 Notes") CUSIP/ISIN No. 144A: 40054J AA7/ US40054JAA79; IAI: 40054J AB5/US40054JAB52; and Reg S: P4955J AA6/USP4955JAA62.

The Company hereby announces that S&P Global Ratings has raised its global scale issuer credit rating on the Company to "B" from "B-", and its issue-level rating of the 2027 Notes to "B+" from "B", which is one notch above the Company's issuer credit rating. This achievement reflects the Company's solid results and leading position as Mexico's flagship airline, as well as the Company's commitment to continue operating profitably and with a solid liquidity position.

For the original announcement (in Spanish), please refer to the Company's website at the following address: https://www.aeromexico.com/cms/sites/default/files/2023-10/20231020%20-%20Ajuste%20calificaci%C3%B3n%20S%26P%20v2.pdf.

Sincerely,
__________________________
Name: Daniel Martínez Martínez
Title: Corporate Legal Director

This Significant Event contains certain forecasts or projections, which reflect the current view or expectations of the Company and its management with respect to its performance, business and future events. The Company uses words such as "believe," "anticipate," "plan," "expect," "intend," "target," "estimate," "project," "predict," "forecast," "outlook," "guidance," "should" and similar expressions to identify forecasts or projections, but this is not the only manner in which it refers to such forecasts or projections. Such statements are subject to certain risks, contingencies and assumptions. The Company cautions 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 forecast or projection that may result from new information, future events or any other cause.

About Grupo Aeromexico Grupo Aeromexico, S.A.B. de C.V., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico's global airline, has its main hub at Terminal 2 of Mexico City's International Airport. Its network of destinations covers Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group's current operating fleet includes Boeing 787 and 737 aircraft, as well as state-of-the-art Embraer 190s. Aeromexico is a founding member of SkyTeam, an alliance that is celebrating its 20th anniversary and offers connectivity in more than 170 countries through its 19 member airlines. Aeromexico created and implemented a Health and Hygiene Management System (HMSH) to protect its customers and employees at all stages of its operation. www.aeromexico.com www.skyteam.com