Aeromexico continues negotiations with Unions

Grupo Aeroméxico, S.A.B. de C.V. ("Aeromexico" or the "Company") (BMV: AEROMEX) announces that, following its previous relevant event dated December 29, although significant progress has been made in the negotiations of the new Collective Bargaining Agreements, necessary adjustments to face the adverse effects caused to the airline industry due to the global pandemic of COVID-19, negotiations with all unions that have not yet concluded, pursuant to the milestones required by the lenders to access disbursements under the Senior Debtor in Possession Credit Facility ("DIP Financing"), obtained within its voluntary financial restructuring process under Chapter 11 of the Bankruptcy Code of the United States of America.

As a consequence, the Company will continue negotiations with the unions during the seven (7) day grace period established at the Credit Agreement ("Cure Period").

Negotiations with the Asociación Sindical de Sobrecargos de Aviación de México (ASSA), continue advancing in the best conditions.  Therefore, the Company expects to reach agreement during the aforementioned period, which will be reported in the following days.

In relation to the Asociación Sindical de Pilotos Aviadores de Mexico (ASPA) the union has not yet accepted the Company's proposal, which is essential in order to meet the commitments and objectives required by the lenders allowing the Company to access subsequent disbursements under the DIP Financing. Consequently, Aeromexico will continue negotiations with ASPA in order to reach agreement during the Cure Period.

The Company recognizes the effort that the unions have made to contain the negative effects of the pandemic and will continue to work in a coordinated manner with its representatives in order to meet the necessary conditions to request the next disbursement under Tranche 2 of the DIP Financing.

Aeromexico will continue pursuing, in an orderly manner, the voluntary process of its financial restructuring under the Chapter 11 process, while continuing to operate and offer services to its customers and contracting from its suppliers the goods and services required for operations. The Company will continue to use the advantages of the Chapter 11 proceeding to strengthen its financial position and liquidity, protect and preserve operations and assets, and implement the necessary adjustments to manage the impact of COVID-19.