Aeromexico: ‘We have no intention to seek any kind of restructuring or anything’

    Aeromexico CFO Ricardo Sanchez Barket stated he remains confident the carrier can keep current obligations, despite bonds due 2025 fetching only 31 cents on the dollar (Bloomerg, 15-Apr-2020). Mr Barket reported negotiations with suppliers and workers have reduced monthly fixed costs by half to around USD50 million, and the company currently has USD560 million cash on hand. He stated: “For us right now, the bond itself doesn’t represent any kind of pressure”, adding: “We have no intention to seek any kind of restructuring or anything”. As previously reported by CAPA, Mexico‘s President Andres Obrador stated the government will not assist Aeromexico in the event the carrier needs financial assistance.