Aeroméxico Secures $200M Loan for Fleet Expansion and Growth
Aeroméxico (AM) has secured a three-year syndicated loan of $200 million from BBVA México, marking its return to the Mexican banking market. BBVA México acted as the sole coordinator, bookrunner, and agent banker in structuring and syndicating the loan, according to an official statement from the bank, ch-aviation.com reported.
The loan provides Aeroméxico with essential liquidity for its ongoing operations. The airline plans to utilize this funding to further invest in its fleet expansion and improve customer experience. BBVA México highlighted that this loan will allow Aeroméxico to channel the resources and profits generated in recent years toward strategic investments aligned with its long-term business goals.
Following its successful emergence from Chapter 11 bankruptcy in early 2022, Aeroméxico has been focused on strengthening its financial position and operational capabilities. According to a recent filing with the U.S. Securities and Exchange Commission, the airline plans to grow its fleet by 18% between 2024 and 2025. This expansion is part of a broader strategy to enhance its product offerings and improve customer satisfaction across its network.
In addition to its fleet expansion, Grupo Aeroméxico, the airline’s parent company, is planning to raise up to $300 million through an initial public offering (IPO) on the New York Stock Exchange (NYSE). This move would increase the company’s capital and provide further resources for growth and operational improvements. Aeroméxico previously delisted its shares from the Mexican Stock Exchange (Bolsa Mexicana de Valores – BMV) in December 2022 as part of its restructuring process.
Although Aeroméxico has not commented publicly on the loan or its IPO plans, the company’s financial performance in the first half of 2024 indicates positive momentum. Grupo Aeroméxico reported total revenue of $2.69 billion and a net income of $346.7 million during this period. These figures reflect the airline’s recovery and growth following the challenges it faced during the COVID-19 pandemic.
The airline’s Chapter 11 reorganization, initiated in 2020, allowed Aeroméxico to restructure its debts and emerge in a stronger financial position. This new $200 million loan from BBVA México represents a significant milestone in its post-restructuring journey, as it returns to the Mexican banking market to secure further liquidity for its operations.
With the additional capital from the loan and potential IPO, Aeroméxico is positioned to invest heavily in its fleet, operations, and customer experience. The airline’s fleet expansion plans, aimed at increasing capacity and improving efficiency, come at a time of growing demand for air travel in Mexico and across Latin America.
As the Mexican aviation market continues to recover, Aeroméxico’s strategic moves—including this latest financial boost—signal its commitment to maintaining its competitive edge in both domestic and international markets. The airline’s focus on long-term growth, improved customer experience, and fleet modernization suggests a strong outlook for the coming years.
Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com, Aeroméxico