Grupo Aeroméxico, S.A.B. de C.V. ("Aeroméxico" or the "Company") (BMV: AEROMEX) informs that today it, together with its subsidiaries that are debtors in the Company's Chapter 11 voluntary financial restructuring process, filed revised versions of the Joint Plan of Reorganization (the "Plan") and accompanying disclosure statement (the "Disclosure Statement") reflecting the final terms of the previously disclosed joint proposal from lenders under Tranche 2 of the Company's DIP financing facility, certain existing creditors and new money investors (the "Alliance Proposal"). The Company has already filed a motion seeking approval of commitment papers with respect to the Alliance Proposal. The Alliance Proposal has the support of our strategic partner Delta Air Lines and a solid group of long-term Mexican investors so as to comply with foreign ownership requirements.
The hearing to approve the Disclosure Statement on the Plan has been scheduled for December 6, 2021. The date for the hearing to confirm the Plan will be set in due course by the Bankruptcy Court.
The foregoing represents a key milestone under the Company's restructuring process. Aeroméxico will continue working with all of its key stakeholders to obtain Court approval of the Plan, solicit votes in favor of the Plan once the Disclosure Statement is approved and emerge from the Chapter 11 process as expeditiously as possible.