Aeroméxico Takes Off on NYSE with Apollo and Delta Air Lines Backing

Tuesday, 14 May 2024, 11:30

Aeroméxico, the Mexico City-based carrier that emerged from bankruptcy in 2022, has made a significant move by filing for an IPO on the New York Stock Exchange. Backed by Apollo Global Management and Delta Air Lines, the company is aiming to capitalize on its renewed profitability and growth prospects. The collaboration with these prominent players is expected to boost investor confidence and reshape the landscape of the aviation industry.
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Aeroméxico Takes Off on NYSE with Apollo and Delta Air Lines Backing

Overview

Aeroméxico, Mexico's leading carrier, has taken a bold step by filing for an IPO on the New York Stock Exchange.

Backers

  • Apollo Global Management
  • Delta Air Lines

The airline, which successfully emerged from bankruptcy in 2022, is now aiming to leverage its profitability and expand its market presence.

Impact

The strategic support from Apollo and Delta is set to redefine Aeroméxico's position in the industry and attract significant investor interest.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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