Aeromexico fails to escape fate of its larger Latin peers

Government support for airlines during the COVD-19 pandemic has been patchy, and the have and have nots are emerging as the crisis wears on. 

Latin America has been a laggard in offering financial packages to airlines as the virus spreads rapidly through the region, and as a result, two of the area’s largest airlines – Avianca and LATAM Airlines Group – have sought Chapter 11 bankruptcy protection. 

The government of Latin America’s second largest aviation market, Mexico, seems unlikely to offer support to the country’s airlines, and now Mexico’s only full service operator, Aeromexico, will seek to reorganise under Chapter 11.

Summary:

• Latin governments continue to lag other regions of the world in offering support to airlines during the COVID-19 crisis.
• The government of Mexico has bluntly stated that it has no intention of offering support to its airlines.
• Now Aeromexico has become the third airline in Latin America to file for Chapter 11.

View more here: https://centreforaviation.com/analysis/reports/aeromexico-fails-to-escape-fate-of-its-larger-latin-peers-528847