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News Article

Interjet’s Financial Update

By Sofía Hanna | Wed, 11/04/2020 - 18:29

Interjet has been dealing with financial troubles for a while now and COVID-19 is not improving the situation. As previously reported by MBN, Interjet issued a statement saying it would return to regular operations yesterday, after canceling all flights on Nov. 1 and 2. The company also lamented the affectations caused to users. While PROFECO said it would emit an alert against the airline, on Tuesday the company also had to face a workers’ protest due to pending wage payments. 

According to Forbes, a statement from the company was released. It announced that executives had a meeting with workers to reach an agreement through dialogue to settle their demands. It was also stated that the COVID-19 pandemic has been harsh on the company and its operations, but it would pay any outstanding wages nonetheless, which according to union leaders amount to two months of salaries and three months of vouchers to unionized staff. The company has released several messages where it made it clear that paying its staff was a priority. 

SAT, however, has control over Interjet’s cash, according to Forbes. MBN previously reported SAT’s embargo against the ABC Airlines, which included the Interjet brand. Despite an injection of capital of US$150 million in July, the airline could still not fully face its obligations. According to El Financiero, Carlos Cabal Peniche and Alejandro del Valle, leading investors during July’s capital injection, were confident that an agreement could be reached shortly with the government, but the situation is still ongoing. Humberto Flores and Jorge Paez, union representatives of the CTM, told the media that the company’s assets are still seized due to overdue VAT and income tax payments. Union workers are now asking President Andrés Manuel Lopéz Obrador to intervene. 

According to Forbes, SAT's last declaration was to restrict any type of operation that could be requested from ABC Airlines or its owners. Also, the instruction is to keep the embargo until further notice. 

The data used in this article was sourced from:  
Forbes, MBN, El Financiero
Photo by:   12659751, Pixabay
Sofía Hanna Sofía Hanna Junior Journalist and Industry Analyst