Latest news with #Aeromexico
The Hindu
28-05-2025
- Business
- The Hindu
Brazil's Azul to file for Chapter 11 bankruptcy protection: report
Brazilian airline Azul is set to file for Chapter 11 bankruptcy protection in the United States as soon as Tuesday (May 28, 2025), newspaper Valor Economico reported, citing sources. The move would make the carrier the latest in a series of Latin American airlines to file for bankruptcy in the aftermath of the depression the industry suffered in the initial months of the COVID-19 pandemic. Azul's move would follow in the footsteps of Aeromexico, Colombia-based Avianca and its two largest rivals, Gol and LATAM Airlines, all of which succumbed to bankruptcy proceedings in recent years. Azul last year struck a deal with lessors to scrap $550 million in debt in exchange for an equity stake of around 20%, as well as one with bondholders to raise additional financing, but its balance sheet remained severely pressured. Azul's net debt soared 50% year-on-year by the end of the first quarter to 31.35 billion reais ($5.56 billion), with its leverage ratio hitting 5.2, up from 3.7 a year earlier.
Reuters
28-05-2025
- Business
- Reuters
Brazil's Azul to file for Chapter 11 bankruptcy protection, Valor reports
May 27 (Reuters) - Brazilian airline Azul (AZUL.N), opens new tab is set to file for Chapter 11 bankruptcy protection in the United States as soon as Tuesday, newspaper Valor Economico reported, citing sources. The move would make the carrier the latest in a series of Latin American airlines to file for bankruptcy in the aftermath of the depression the industry suffered in the initial months of the COVID-19 pandemic. Azul's move would follow in the footsteps of Aeromexico, Colombia-based Avianca and its two largest rivals, Gol and LATAM Airlines ( opens new tab, all of which succumbed to bankruptcy proceedings in recent years. Azul last year struck a deal with lessors to scrap $550 million in debt in exchange for an equity stake of around 20%, as well as one with bondholders to raise additional financing, but its balance sheet remained severely pressured. Azul's net debt soared 50% year-on-year by the end of the first quarter to 31.35 billion reais ($5.56 billion), with its leverage ratio hitting 5.2, up from 3.7 a year earlier. ($1 = 5.6377 reais)
Yahoo
27-05-2025
- Business
- Yahoo
Aeromexico partners with Latitude by Brightwell to transform passenger refunds and reimbursements
ATLANTA, May 27, 2025 /PRNewswire/ -- Brightwell, a leading-edge software solution designed to simplify the complexities of international payments, is proud to partner with Aeromexico to transform the airline's refund and reimbursement process. By leveraging Brightwell's digital refund solution, Latitude, Aeromexico is streamlining payouts, reducing operational costs, and enhancing passenger satisfaction. Aeromexico is committed to delivering a seamless travel experience, from booking to arrival. Now, with Latitude by Brightwell, the airline is modernizing its refund and reimbursement process—ensuring passengers receive funds quickly and conveniently while reducing strain on internal teams. With Latitude, Aeromexico passengers will receive a convenient Aeromexico-branded link that allows them to access their refund or reimbursement in faster than traditional methods via the payment method of their choice. This launch aligns with the Department of Transportation's mandate for issuing prompt, hassle-free passenger refunds. Providing a network of destinations spanning 93 cities in Mexico, the Americas, Europe, and Asia, Aeromexico chose Latitude because of Brightwell's unmatched expertise in travel payments. With a proven track record of solving cross-border payout complexities, Brightwell ensures airlines can meet passenger expectations for fast, hassle-free refunds while reducing the burden on customer service teams. "Aeromexico is dedicated to elevating the passenger journey towards an extraordinary experience," said Aeromexico's VP of Treasury, Emilio Ramos Ruiz. "Brightwell makes that easier with refunds that are convenient for agents and passengers, regardless of country or currency. The fully-branded user experience helps our passengers trust that they are making the right choice to fly with us and that any disruptions will be resolved quickly." Brightwell launched Latitude in 2024 to help businesses like Aeromexico streamline payments and enhance customer satisfaction. By digitizing the refund process, Latitude reduces costly manual operations, minimizes chargebacks, and accelerates payouts—allowing airlines to build stronger customer relationships and drive repeat bookings. "Aeromexico's move to bring on Latitude shows just how critical fast, seamless refunds have become in the travel industry," said Larry Hipp, CEO of Brightwell. "By cutting out the friction of cross-border payments and delivering a fully branded experience, Latitude helps turn what used to be a difficult process into a real moment of service — strengthening passenger trust and making Aeromexico stand out as a leader in global travel." To learn more about Latitude, visit About Brightwell Driven by a passion for financial inclusion and empowerment, Atlanta-based financial technology company Brightwell is living out its mission to create products that help people and businesses send money securely across the globe. Brightwell's suite of cross-border payment products is simple to use, easy to integrate, and designed to help customers achieve measurable results. Processing and securing billions of dollars each year, Brightwell's products are trusted by businesses of all sizes – from startups to Fortune 500. Brightwell media contact: marketing@ Brightwell is a technology provider and not a bank or other regulated financial institution. All regulated services associated with Latitude are provided by The Bancorp Bank. Terms and conditions apply. About Aeromexico About Aeromexico Grupo Aeromexico, S.A.B. de C.V., is a holding company with subsidiaries engaged in commercial and cargo aviation in Mexico, training, assistance, and maintenance, as well as the control of its passenger loyalty program: Aeromexico, Aeromexico Connect, Aeromexico Cargo, Aeromexico Formacion, Aeromexico Servicios and Aeromexico Rewards. The company is Mexico's global airline and has its main hub at Mexico City International Airport. Its destinations network features 21 countries and 93 cities nationally and internationally, including Mexico, the United States, Canada, Central America, South America, Asia, and Europe. The Group's operating fleet is comprised of Boeing 787 and 737 jet airliners and Embraer 190 models. Aeromexico is also a founding member of the SkyTeam airline alliance, an alliance which serves over 160 countries with 18 SkyTeam airline partners. Aeromexico media contact: amcomunicacioncorporativa@ View original content to download multimedia: SOURCE Brightwell
Mid East Info
24-03-2025
- Business
- Mid East Info
DAE Announces Completion of Aeromexico Boeing 737 MAX Mandate - Middle East Business News and Information
Dubai Aerospace Enterprise (DAE) Ltd ('DAE'), the global aviation services corporation, announced that it had delivered from its orderbook the sixth and final Boeing 737 MAX family aircraft to Aeromexico under its current mandate. The mandate comprised of three 737-8 and three 737-9 aircraft. Aeromexico has been a customer of DAE for over a decade, during which period DAE has delivered 20 Boeing 737 Family aircraft to Aeromexico. The 737 MAX family delivers enhanced efficiency, improved environmental performance, and increased passenger comfort to the single-aisle market. Incorporating advanced technology winglets and efficient engines, the 737 MAX family offers excellent economics, reducing fuel use and emissions by 20% while producing a 50% smaller noise footprint than the airplanes it replaces. Additionally, the 737 MAX family offers up to 14% lower airframe maintenance costs than the competition. About DAE: Dubai Aerospace Enterprise (DAE) Ltd is a globally recognized aviation services corporation with two divisions: DAE Capital and DAE Engineering. Headquartered in Dubai, DAE serves over 170 airline customers in over 65 countries from its seven office locations in Dubai, Dublin, Amman, Singapore, Miami, New York, and Seattle. DAE Capital is an award-winning aircraft lessor with an owned, managed, and committed fleet of approximately 500 Airbus, ATR, and Boeing aircraft with a fleet value of US$20 billion. DAE Engineering provides regional MRO services to customers in Europe, Middle East, Africa, and South Asia from its state-of-the-art facility in Amman, Jordan, accommodating up to 17 wide and narrow body aircraft. It is authorized to work on 15 aircraft types and has regulatory approval from over 25 regulators globally.
Hi Dubai
24-03-2025
- Business
- Hi Dubai
DAE Completes Delivery of Final Boeing 737 MAX Aircraft to Aeromexico
Dubai Aerospace Enterprise (DAE) Ltd, a leading global aviation services provider, has successfully delivered the sixth and final Boeing 737 MAX aircraft to Aeromexico, completing a significant order mandate. This delivery marks the conclusion of an agreement that saw DAE provide the Mexican airline with three 737-8 and three 737-9 aircraft. DAE and Aeromexico's partnership spans over a decade, with a total of 20 Boeing 737 Family aircraft delivered during this period. The latest addition to Aeromexico's fleet highlights the airline's ongoing commitment to modernizing its operations with the latest in aviation technology. The Boeing 737 MAX family is designed to provide enhanced fuel efficiency, improved environmental performance, and increased passenger comfort. Featuring advanced winglets and efficient engines, the 737 MAX aircraft reduce fuel consumption and emissions by 20%, while offering a 50% reduction in noise compared to the planes they replace. Additionally, the aircraft promise up to 14% lower airframe maintenance costs, offering significant long-term economic benefits. DAE's delivery of the 737 MAX aircraft underscores the company's position as a reliable partner for airlines looking to enhance their fleets with cutting-edge, environmentally-friendly aircraft technology. News Source: Dubai Media Office
