Mexican carrier Grupo Aeromexico will continue to reactivate travel destinations throughout next year, an executive told Reuters yesterday, adding that there is still much uncertainty stemming from the coronavirus pandemic. The country’s largest carrier filed for chapter 11 bankruptcy protection in a U.S. court earlier this year and has since tried to shore up its finances. “We’ll continue to reactivate but a lot will depend on possible resurgences of the virus as well as on the vaccine,” Giancarlo Mulinelli, the carrier’s vice president of global sales, said in an interview. Mulinelli forecast that the industry, one of the worst-hit by the coronavirus pandemic, would probably not make a full recovery before 2022. Read more.
With the COVID-19 pandemic grinding international travel to a halt, experts on an online panel at ABI’s International Insolvency Forum set for Nov. 18-20 will provide their insights into distressed non-U.S. airlines filing for chapter 11 protection, and how their cases may differ from domestic carriers. Click here to register.
