Mexico’s Interjet to File for Bankruptcy Protection After Vote

Interjet shareholders unanimously voted to approve a filing for bankruptcy protection, a move that would enable the Mexican airline to resume payments to employees that have been frozen for several months.

Alejandro del Valle, who took a 90% stake in the carrier late last year, led discussions over the filing with former majority owners and founders Miguel Aleman Magnani and his father, Miguel Aleman Velasco.

“The objective of this agreement is to have the company operating again as soon as possible while prioritizing workers’ rights,” the statement read.

Interjet is the second Mexican airline to file for bankruptcy ...