“With the chapter 11 restructuring process, we will strengthen our financial position and increase our liquidity, at the same time creating a sustainable platform to allow us to successfully weather the current global economic uncertainty,” it added. With its filing in a New York court, Aeroméxico became the third Latin American airline to seek bankruptcy protection in the past two months. Colombia’s Avianca Holdings SA filed for chapter 11 in early May and was followed later that month by Chile’s Latam Airlines Group SA, Latin America’s largest carrier. “The passenger airline sector has been one of the sectors most significantly affected by the shock, given its exposure to travel restrictions and sensitivity to consumer demand and sentiment,” Moody’s Investors Service said in early June when it downgraded Aeroméxico’s credit rating. Aeroméxico said its operations are continuing, and that in July the airline will double its number of domestic flights […]