Aeromexico shares rise greater than 3% following restructuring plan submission

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MEXICO CITY, Oct 4 (Reuters) – Shares in Mexican service Grupo Aeromexico rose by greater than 3% in early buying and selling on Monday after the corporate mentioned it had introduced a restructuring plan to debtors as a part of its Chapter 11 chapter course of within the United States.

Shares of Aeromexico, which in June final yr filed for court docket safety whereas it reaches an settlement with its collectors, had been up 3.24% to five.73 pesos, on monitor to put up their fourth straight day of positive aspects.

The airline didn’t give particulars of the plan in a press release issued late on Friday night, however mentioned it expects a listening to for approval to happen round October 21.

Reporting by Noe Torres
Writing by Drazen Jorgic

Aeromexico airplanes are pictured at the Benito Juarez International airport, in Mexico City, Mexico, July 14, 2021.  REUTERS/Luis Cortes