How airlines will make permanent changes to flying
Travel and lifestyle journalist Francesca Page on how air travel standards will shift due to coronavirus.
Mexican airline Aeromexico said on Tuesday it had begun restructuring under Chapter 11 proceedings, the latest Latin American airline to run into serious trouble as the coronavirus pandemic wreaks havoc on tourism and business travel.
Continue Reading Below
In a statement, Aeromexico categorized the Chapter 11 process as “voluntary” and said it was sticking to its goals of boosting operations in the coming weeks.
Aeromexico said it was maintaining its plan of quadrupling its international flights and doubling domestic flights next month as the coronavirus lockdown eases.
AIRBUS CUTTING 15,000 JOBS AMID CORONAVIRUS CRISIS
THESE MAJOR CARRIERS ARE IMPLEMENTING PRE-FLIGHT HEALTH ACKNOWLEDGEMENT POLICIES
Tickets, reservations, electronic vouchers and Premier Points remain valid, the airline said.
Aeromexico said it was in talks to obtain new, preferential financing as part of the Chapter 11 restructuring, so-called debtor-in-possession financing.
CLICK HERE TO GET FOX BUSINESS ON THE GO
Investment holding company Aimia Inc (AIM.TO) threw Aeromexico a $50 million financial lifeline on Monday, after loaning it another $50 million in May.
CLICK HERE TO READ MORE ON FOX BUSINESS
Source: Read Full Article