Interjet to file for bankruptcy protection

Bloomberg

Interjet shareholders unanimously voted to approve a filing for bankruptcy protection, a move that would enable the Mexican airline to resume payments to employees that have been frozen for several months.
Alejandro del Valle, who took a 90% stake in the carrier late last year, led discussions over the filing with former
majority owners and founders Miguel Aleman Magnani and his father, Miguel Aleman
Velasco.
“The objective of this agreement is to have the company operating again as soon as possible while prioritising workers’ rights,” the statement read.
Interjet is the second Mexican airline to file for bankruptcy protection since the start of the coronavirus pandemic last year. Grupo Aeromexico SAB filed in June after the virus devastated demand for air travel worldwide. Unlike US airlines, Mexican carriers didn’t receive government aid.

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