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Aeromexico Gets $50 Million Lifeline From A Loyalty Company

Mexican airline Aeromexico, which is in the process of analyzing its options for restructuring its short- and medium-term financial commitments, was thrown a $50 million financial lifeline on Monday by investment holding company Aimia Inc .

Aeromexico’s shares tanked earlier in June after a newspaper column said it was considering filing for bankruptcy, though the airline later clarified it had not decided whether to seek Chapter 11 protections in the United States.

Aeromexico and Aimia said in separate statements they inked a definitive agreement to amend a shareholders agreement between them and a commercial agreement between Aeromexico and PLM Premier,...

This post first appeared on Skift. Read the original article.

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