Aeromexico Financing Plan Ready in 4 to 6 Weeks, CEO Says (1)

Grupo Aeromexico SAB’s financing plan under its Chapter 11 bankruptcy protection filing could be ready in the next four to six weeks, Chief Executive Officer Andres Conesa said.

The voluntary filing will allow the company to weather the coronavirus pandemic however long it may last, Conesa said in an interview Wednesday.

Aeromexico’s bankruptcy protection filing came after the carrier saw the number of passengers it flew plummet more than 90% as governments grounded flights and travelers stayed home. Airlines in Latin America, unlike their counterparts in the U.S. and Europe, have received scant government support.

“We’re solvent, we have ...