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Aeromexico Announces Debt-Restructuring Plan

ISSN:1054-8890
LADB Article ID: 56064
Category/Department: Mexico
Date: 1995-06-14
By: LADB Staff

Mexico's largest airline, Aeromexico, has proposed a plan to restructure US$137.5 million owed to foreign banks. Under the plan, the airline would restructure the debt over a five- year period, converting US$100 million in obligations into Eurobonds and another US$37.5 million into other financial instruments in European money markets.

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