MEXICO CITY, Dec 31 (Reuters) - Mexican pilots have rejected a cost-saving plan put ahead by their
MEXICO CITY, Dec 31 (Reuters) – Mexican pilots have rejected a cost-saving plan put ahead by their very own commerce union amid talks geared toward agreeing find out how to restructure airline Grupo Aeromexico AEROMEX.MX, the ASPA union stated on Thursday.
Battered by the coronavirus pandemic, Aeromexico filed for Chapter 11 chapter safety in a U.S. court docket in June, and is making an attempt to safe a second tranche of financing.
In a press release, the ASPA stated the vast majority of its pilots had in a vote rejected the plan put ahead by the union as a substitute for Aeromexico’s personal proposal, however that it will hold exploring different choices to help restructuring efforts.
The airline earlier this yr had as much as $1 billion in debtor-in-possession (DIP) financing authorised, and obtained an preliminary $100 million cost in September.
Earlier this week, Aeromexico wrapped up negotiations with two of the 4 trade unions it wants to succeed in settlement with to entry a second tranche of DIP funding.
The corporate in November requested permission from a U.S. chapter court docket to dismiss 1,830 workers, together with 855 unionized employees.
(Reporting by Noe Torres; enhancing by Dave Graham and Grant McCool)
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