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Aeromexico Plans US Listing in Search for Liquidity Mexico Lacks

July 15, 2022, 4:12 PM

Grupo Aeromexico SAB, seeking a more liquid stock market, is planning to delist from the Mexican exchange and trade in New York as soon as this year.

The airline’s board in June approved a plan to cancel its registration in its home country and launch a voluntary tender offer for outstanding shares. Aeromexico emerged from Chapter 11 in March after filing for bankruptcy protection in the US in 2020. The exit agreement included a clause promising to delist in Mexico to find better markets with more liquidity, according to a filing.

Aeromexico airplanes in Mexico City.
Photographer: Luis Antonio Rojas/Bloomberg

“The plan is to make that first ...