Aeroméxico Alcanza Group agrees with approvers not insured in restructuring plan

Aeroméxico Group read the jewels to a value of 40 million dollars with a group of creditors not guaranteed to withdraw their object to the restructuring plan of the airline, dijo the jueves the chief advocate of the company.

The media is the first step in what is likely to be a bankruptcy hearing of Chapter 11 que durará varios días en Nueva York. Following the agreement with the Committee of Accredited Guarantees, all objections have been raised by an “ad hoc” group of minor accreditors, in particular Invictus Global Management.

As part of the agreement, Aeroméxico offers to the creditors no insurable distributions of a note of “contingent value right” of four years, which distributes assignments effectively while Aeroméxico exceeds its objectives, dijo Timothy Gaulichde Davis Polk & Wardwell.

“Son muy buenas noticias”, afirmó la jueza de quiebras Shelley Chapman through the announcement of the agreement.