MEXICO CITY, Oct 12 (Reuters) – Shares of Grupo Aeromexico on Monday rose to their highest degree in six weeks after Friday’s information that the airline had obtained definitive approval for a financing plan as it really works by chapter proceedings in a U.S. court docket.
Aeromexico AEROMEX.MX shares have been up about 8% to 4.79 pesos at 1.15 p.m. native time (1815 GMT). Earlier, they’d risen to as a lot as 5.06 pesos, the best degree since Aug. 28.
On Friday, it obtained particular approval for debt-in-possession financing of as much as $1 billion.
($1 = 21.2300 Mexican pesos)
(Reporting by Noe Torres Writing by Stefanie Eschenbacher Modifying by Sonya Hepinstall)
((Stefanie.Eschenbacher@thomsonreuters.com;))
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