Aeroméxico declares bankruptcy in the United States and begins restructuring process

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What does it mean when a company goes bankrupt? 2:16

(CNN Spanish) - Aeroméxico reported on Tuesday that the company and some of its subsidiaries began a voluntary process of financial restructuring under Chapter 11 of the Bankruptcy Law in the United States.

The company also announced in a statement that it will continue to operate normally, and that all tickets, reservations, electronic vouchers and Premier Points will remain valid.

Andrés Conesa, CEO of Aeroméxico, stated that the industry "faces unprecedented challenges, derived from a significant reduction in passenger demand."

With regard to jobs, the company stated that it does not expect changes in daily tasks and responsibilities, and that employees will continue to receive their wages and benefits on a regular basis. I don't know

Regarding its financial situation, Aeroméxico clarified that it is also in talks to contract new preferential financing, as part of the restructuring that is carried out within the reorganization procedure, and noted that, during this process, it will continue to operate normally and in accordance with their permits and concessions.

Aeroméxico