Aeromexico Files for Bankruptcy in the United States

Aeromexico will continue to operate throughout this legal process. In July, the Company expects to double the number of its domestic flights and quadruple the number of international flights, as compared to June.

Mexico’s largest airline, Aeromexico, has filed for Chapter 11 bankruptcy in the United States to implement a financial restructuring while continuing to serve customers.

The airline intends to use the Chapter 11 process to strengthen its financial position and liquidity, protect and preserve its operations and assets, and implement necessary operational changes to address the impact of the ongoing COVID-19 pandemic.

“We expect to utilize the Chapter 11 process to strengthen our financial position, obtain new financing and increase our liquidity, and create a sustainable platform to succeed in an uncertain global economy,” said Andres Conesa, Aeromexico CEO.

“Our industry faces unprecedented challenges due to significant decline in demand for air transportation globally, hence we are committed to taking the necessary measures so that we can operate effectively in this new landscape and be well prepared for a successful future, during and when the COVID-19 pandemic is behind us,” he added.

Aeromexico will continue to operate in accordance with existing permits and concessions throughout this process. In July the Company expects to double the number of its domestic flights and quadruple the number of international flights as compared to June.

Mexico’s global airline is committed to continuing to safely expand flight service in the coming months, in line with local regulations and customer demand, in full compliance with the highest health standards and protocols.

The Company informs that all tickets, reservations, electronic vouchers, and Premier Points will remain valid and available for use by customers according to the Company’s existing terms and conditions. During this process, the Company will continue operating in the ordinary course of business, and also intends to continue ordering goods and services from its suppliers for its ordinary operation.

Aeromexico is also in talks to obtain new, preferential financing for the Company, as part of the restructuring within the reorganization procedure (which is known as “debtor-in-possession” or “DIP financing”). Aeromexico is confident that it will finalize formal commitments for DIP financing that, along with the Company’s available cash and subject to Court approval, would provide sufficient liquidity for Aeromexico to meet its obligations going forward in a timely and orderly fashion.

Come…relax and experience the charm and culture of Puerto Vallarta Mexico with quaint cobblestone streets, the fragrant scent of Bougainvillea, beautiful beaches, Mexican cuisine, outstanding golf courses, and a host of activities for everyone to enjoy!  

Who says Five Star Services along with great value can’t go hand in hand?  Let Casa Bay Villas help you find that special vacation villa rental that is just perfect for you!

We specialize in luxury villa vacation rentals in Puerto Vallarta and Punta Mita Mexico.  Our villas are spacious yet intimate with personal staff to pamper your every need.  Whether you are planning a destination wedding celebration, a vacation with family, or just getting away with friends, let us show you the beauty of Puerto Vallarta in your private villa vacation rental.

Your vacation time is valuable and that is why we inspect every property we represent for the owners and we are familiar with the accommodations, amenities, and staff to help you select the best rental property in Puerto Vallarta.  The results…vacation rentals that won’t leave you with unwanted surprises. 

Our private vacation rentals offer a full range of services during your stay from full staff services including a chef who will prepare two meals a day.

Our concierge services will personally contact you with information on activities, tours, or spa services in the privacy of your villa rental, to the best restaurants for dining out in Puerto Vallarta. We have the most current information to guide you for your holiday in Puerto Vallarta from our daily weather report to maps and directions.   

For more information about renting a villa in Puerto Vallarta visit our website at https://www.puntamitaluxuryvillarentals.com/ or email Jennifer at info@puntamitaluxuryvillarentals.com or call us at 203.386.8022.

We hope you will visit one of our luxury vacation rental villas soon and experience the Magic of Puerto Vallarta!

Our mission at Casa Bay Villas is to exceed your expectations, listen to your needs, and to assist you in selecting the best villa rental for your vacation in Puerto Vallarta Mexico.