Aeroméxico's Plan of Reorganization is Accepted by All Voting Creditor Classes

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Jan 21, 2022, 14:02 ET

MEXICO CITY, Jan. 21, 2022 /PRNewswire/ -- Grupo Aeroméxico, S.A.B. de C.V. ("Aeroméxico" or the "Company") (BMV: AEROMEX) informs that the Bankruptcy Court announced that it will enter an order granting the Company's motion to enforce a court order requiring certain parties to vote their claims to accept the Company's Plan of Reorganization (the "Plan"). As a result, all eight classes of creditors entitled to vote on the Plan (including the unsecured creditors of Aerovías Empresa de Cargo, S.A. de C.V) have voted to accept the Plan, with approximately 88% by amount of claims voting in favor. Previously, seven of the eight classes (totaling approximately 86% by amount of claims) had voted to accept the Plan. The Court hearing to consider confirmation of the Plan is scheduled to begin on January 27, 2022.

Aeroméxico continues working with all of its key stakeholders to obtain Court approval of the Plan and emerge from Chapter 11 as expeditiously as possible following the Effective Date under the Plan. Importantly, at the Shareholders Meeting held on January 14, 2022, the Company adopted the corporate resolutions required to effectuate 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 views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as "believe," "anticipate," "plan," "expect,", "intend," "target," "estimate," "project," "predict," "forecast," "guideline," "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such 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 statements, whether as a result of new information, future events or otherwise.

About Grupo Aeromexico: Grupo Aeroméxico, 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 operations center in Terminal 2 of the Mexico City International Airport. Its destination network has reach in 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 the latest generation Embraer 190. Aeromexico is a founding partner of SkyTeam, an alliance that celebrates 20 years and offers connectivity in more than 170 countries, through the 19 partner airlines. Aeromexico created and implemented a Health and Hygiene Management System (SGSH) to protect its clients and collaborators at all stages of its operation.

www.aeromexico.com www.skyteam.com

SOURCE Grupo Aeroméxico, S.A.B. de C.V.