Aeromexico secures 2nd loan, brings total to $100M

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. 

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. 

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