Aeromexico shares increase more than 3%list below restructuring strategy submission


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Economy Oct 04, 2021 10: 08 AM ET

Aeromexico shares rise more than 3% following restructuring plan submission
© Reuters. SUBMIT PHOTO: Aeromexico planes are visualized at the Benito Juarez International airport, in Mexico City, Mexico, July 14,2021 REUTERS/Luis Cortes

MEXICO CITY (Reuters) – Shares in Mexican provider Grupo Aeromexico increased by more than 3%in early trading on Monday after the business stated it had actually provided a restructuring strategy to debtors as part of its Chapter 11 insolvency procedure in the United States.

Shares of Aeromexico, which in June in 2015 declared court defense while it reaches an arrangement with its financial institutions, were up 3.24%to 5.73 pesos, on track to publish their 4th straight day of gains.

The airline company did not offer information of the strategy in a declaration released late on Friday night, however stated it anticipates a hearing for approval to occur around October21

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