Aeromexico Exits Chapter 11 With $5 Billion Investment in Fleet

Grupo Aeromexico SAB has emerged from its restructuring process and will invest $5 billion over the next five years to expand its fleet as it prepares to start growing again.

The carrier won court approval to emerge from Chapter 11 in late January but still had to fulfill certain conditions to finalize the process, Aeromexico said in a statement Thursday.

The company is looking to “significantly” increase its network and fleet, which will grow to 147 jets from the current 124 by the end of the year. The $5 billion investment in the next five years will focus mostly on ...