Grupo Aeromexico gets 120-day extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Oct. 26 – Grupo Aeromexico, SAB de CV secured a 120-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Monday in the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, the court extended the exclusive plan filing period through Feb. 25 from Oct. 28 and the exclusive solicitation period through April 26 from Dec. 28.

Grupo Aeromexico said in its motion that while it has accomplished a great deal in the first three months of the cases, and it is well positioned for the next phase of proceedings, there is plenty more to accomplish in order to position the debtors to emerge with a sustainable balance.

“The months ahead will be focused on many weighty topics, including rationalizing the debtors’ aircraft fleet and workforce, claims analysis, and formulating the debtors’ Chapter 11 plan,” the motion said.

Grupo Aeromexico, a holding company for commercial aviation, is based in Mexico City. The company filed Chapter 11 on June 30 under case number 20-11563.

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