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Aeromexico shares rise more than 3% following restructuring concept submission


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Financial system5 hours ago (Oct 04, 2021 10: 08AM ET)

Aeromexico shares rise more than 3% following restructuring plan submission
© Reuters. FILE PHOTO: Aeromexico airplanes are pictured on the Benito Juarez World airport, in Mexico Metropolis, Mexico, July 14, 2021. REUTERS/Luis Cortes

MEXICO CITY (Reuters) – Shares in Mexican carrier Grupo Aeromexico rose by more than 3% in early procuring and selling on Monday after the company talked about it had equipped a restructuring concept to debtors as allotment of its Chapter 11 economic kill process within the United States.

Shares of Aeromexico, which in June final three hundred and sixty five days filed for court protection whereas it reaches an agreement with its creditors, were up 3.24% to 5.73 pesos, heading within the suitable direction to publish their fourth straight day of beneficial properties.

The airline did not give particulars of the concept in a assertion issued unhurried on Friday evening, however talked about it expects a hearing for approval to acquire plot spherical October 21.

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