By Kylie Madry
MEXICO CITY, Feb 15 (Reuters) – Mexican airline Aeromar introduced the “definitive finish” of operations on Wednesday, because the closely indebted firm failed to achieve agreements with suppliers and a rumored potential investor.
The struggling firm is the most recent in a string of Mexican airways hit with main monetary woes in recent times, following Interjet in 2020 and Aeromexico, which got here out of chapter proceedings final March.
Like its friends, Aeromar was hit onerous by the coronavirus pandemic in 2020, however had proven indicators of economic struggles earlier than.
Mexican President Andres Manuel Lopez Obrador floated aiding the ailing firm in October, although that assist by no means materialized. As a substitute, the federal government bought the model of defunct service Mexicana to launch a military-run industrial line.
Aeromar owes tens of millions of {dollars} to workers, unions allege, although the service on Wednesday mentioned base salaries from the previous 12 months had been “liquidated in full” and that just a few advantages had but to be paid.
The corporate’s belongings have been seized at workers’ request, the labor ministry mentioned. Aeromar experiences proudly owning 10 plane, nevertheless, flight knowledge level to simply 5 being operational.
The corporate additionally owes the Mexico Metropolis Worldwide Airport some 552 million pesos ($29.7 million), not together with curiosity, the airport mentioned on Wednesday.
Rumors of a possible funding have been sparked in January, when union staff mentioned the corporate had advised them a golden ticket might be on the way in which.
Final week, Aeromar rebranded its social media accounts to “Aeromar by Nella,” hinting at a tie-up with fledgling Brazilian service Nella Airways, which has bought different small Latin American carriers in recent times.
An Aeromar spokesman declined to touch upon the potential buy on the time.
The shuttering leaves Aeromar’s nearly 600 workers within the lurch. They might be a part of competitor airways, the transportation ministry mentioned, including it had begun talks with the opposite carriers.
Affected union staff are anticipated to go on strike Thursday, the labor ministry added.
($1 = 18.5909 Mexican pesos)
(Reporting by Kylie Madry Modifying by Invoice Berkrot)
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