MEXICO CITY: Mexican pilots have rejected a cost-saving plan put ahead by their very own trade union amid talks geared toward agreeing on easy methods to restructure airline Grupo Aeromexico, the ASPA union mentioned on Thursday.
Battered by the coronavirus pandemic, Aeromexico filed for Chapter 11 bankruptcy protection in a U.S. court in June and is attempting to secure the second tranche of financing.
In a press release, the ASPA mentioned nearly all of its pilots had in a vote rejected the plan put forward by the union as a substitute for Aeromexico’s personal proposal, however that it might hold exploring different choices to assist restructuring efforts.
The airline earlier this yr had as much as US$1 billion in debtor-in-possession (DIP) financing permitted and obtained a preliminary US$100 million fee in September.
Earlier this week, Aeromexico wrapped up negotiations with two of the 4 trade unions it wants to reach an agreement with to access the second tranche of DIP funding.
The company in November requested permission from a U.S. bankruptcy court to dismiss 1,830 staff, together with 855 unionized employees.
