Aeromexico announced receiving a second loan from investment holding company Aimia, which brings the total amount of loans to $100 million. The announcement comes days after the Mexican flag carrier said it was evaluating its financial position, but denied having made a decision regarding bankruptcy. 

Aeromexico signed a definitive agreement with Aimia, under which it got a second financial injection of $50 million, the carrier announced on June 29, 2020. The parties also extended their previous partnership agreement for 20 years ‒ until September 2050. The airline announced the first  $50 million loan in March 2020. 

With the increase in traffic and aircraft becoming more technologically demanding with each new generation, the maintenance, repair, and overhaul business see a plethora of companies offering their innovative solutions. Among them, Fingermind developed a software suite accessible from tablets that allow for easy access to all information required for aeronautical maintenance.

On June 19, Aeromexico said it was weighting in its options to move towards a better financial position. The airline was analyzing its options to restructure both short and medium term financial commitments. It was aiming to do so without affecting or disrupting operations. 

In a statement released on the day, Aeromexico denied planning bankruptcy. “The Company hereby informs that it has not initiated, nor has it made the decision to initiate, a restructuring procedure under Chapter 11 of the United States Bankruptcy Code,” the statement read.