Aeromexico to mediate with stakeholders over valuation, path forward

By Sarah Lizee

Olympia, Wash., July 30 – Grupo Aeromexico, SAB de CV said it will enter mediation to discuss the final valuation materials under its senior secured superpriority debtor in possession term loan facility.

The company said in a press release issued Friday that it needs to deliver final valuation materials to its DIP lenders in advance of filing a plan of reorganization.

Aeromexico and key stakeholders have agreed to a mediation to be conducted by Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern District of New York.

The mediation parties are expected to participate in good faith discussions about the valuation materials and other key next steps in Aeromexico’s Chapter 11 cases.

The company said it anticipates that mediation will begin next week.

Grupo Aeromexico, a holding company for commercial aviation, is based in Mexico City. The company filed Chapter 11 on June 30, 2020 in the U.S. Bankruptcy Court for the Southern District of New York under case number 20-11563.

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