Grupo Aeroméxico, S.A.B. de C.V. announces that, as a follow up to its previous relevant events dated December 29 and 31, 2020, although significant progress has been made in the negotiations of the Collective Bargaining Agreements with the Asociación Sindical de Sobrecargos de Aviación de México (ASSA) and the Asociación Sindical de Pilotos Aviadores de México (ASPA), necessary adjustments to face the adverse effects caused to the airline industry due to the global pandemic of COVID-19, negotiations with said unions have not yet been concluded, pursuant to the milestones required to access disbursements under the Senior Debtor in Possession Credit Facility.
The satisfactory conclusion of such pending agreements is necessary for the Company to meet certain commitments and objectives required by the DIP lenders within the Company’s voluntary financial restructuring process, under the Chapter 11 of the Bankruptcy Code of the United States of America. Consequently, Aeromexico has requested an extension to the term provided in the Credit Agreement, which has been granted until January 27, 2021, in order to comply with the conditions and obligations under the DIP Financing.
The Company will continue to work in a coordinated manner with the representatives of the unions in order to meet the necessary conditions to request the next disbursement under Tranche 2 of the DIP Financing, which is essential to preserve the ordinary course of business and avoid defaults in its obligations with the lenders under the DIP Financing.
Aeromexico zai ci gaba da bin, bisa tsari, tsarin son rai na sake tsarinta na kudi a karkashin tsari na Fasali na 11, yayin ci gaba da aiki da bayar da ayyuka ga kwastomominsa da kwangila daga masu samar da kayayyaki da aiyukan da ake bukata don gudanar da aiki. Kamfanin zai ci gaba da amfani da fa'idodi game da Fasali na 11 da ke ci gaba don ƙarfafa matsayin kuɗaɗen kuɗaɗenta da ɗabarta, karewa da adana ayyuka da kadarori, da aiwatar da gyare-gyaren da suka dace don gudanar da tasirin COVID-19.
ABUBUWAN DA ZA KU GUDU DAGA WANNAN LABARI:
- announces that, as a follow up to its previous relevant events dated December 29 and 31, 2020, although significant progress has been made in the negotiations of the Collective Bargaining Agreements with the Asociación Sindical de Sobrecargos de Aviación de México (ASSA) and the Asociación Sindical de Pilotos Aviadores de México (ASPA), necessary adjustments to face the adverse effects caused to the airline industry due to the global pandemic of COVID-19, negotiations with said unions have not yet been concluded, pursuant to the milestones required to access disbursements under the Senior Debtor in Possession Credit Facility.
- The Company will continue to work in a coordinated manner with the representatives of the unions in order to meet the necessary conditions to request the next disbursement under Tranche 2 of the DIP Financing, which is essential to preserve the ordinary course of business and avoid defaults in its obligations with the lenders under the DIP Financing.
- Kamfanin zai ci gaba da yin amfani da fa'idodin ci gaba na Babi na 11 don ƙarfafa matsayinsa na kuɗi da ribar kuɗi, kariya da adana ayyuka da kadarori, da aiwatar da gyare-gyaren da suka dace don sarrafa tasirin COVID-19.
