Aeromexico Seeks BMV Approval for Secondary Public Offering

Aeromexico has formally submitted a request to the Mexican Stock Exchange (BMV) for a secondary public offering of up to 150 million special shares. This filing marks the airline's intention to return to the stock market after its previous departure from the BMV.

The offering will be conducted both in Mexico and internationally. As part of the international offering, American Depositary Shares (ADSs) will be made available, though the underlying shares have not been specified. The company has not disclosed the amount or the exact pricing of the shares, as these details remain pending.

The decision to re-enter the stock market follows Aeromexico's restructuring process under Chapter 11 of the US Bankruptcy Code. This process required the airline to find ways to recover funds invested by shareholders who supported the company during its financial difficulties.

Despite the filing with the BMV, analysts suggest that Aeromexico must carefully evaluate the timing of its market re-entry. The company is expected to choose the optimal moment to return to the stock market, taking into account the global economic environment and financial conditions. Key factors, including geopolitical conflicts like the ongoing Russia-Ukraine war and the situation in Gaza, as well as potential US trade policies, particularly regarding tariffs, are significant considerations in the company's decision-making process, as reported by A21.