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Mercados

Aeromexico says it has received initial $100 million of DIP financing

MEXICO CITY, Sept 9 (Reuters) - Aeromexico said on Wednesday it has received the initial $100 million payment of debtor-in-possession (DIP) financing as it undergoes Chapter 11 bankruptcy proceedings.

The Mexican airline has been approved for DIP financing of up to $1 billion.

Aeromexico Chief Executive Andres Conesa said in a statement the disbursement is an “important step” for supporting operations during the company’s restructuring. (Reporting by Daina Beth Solomon; Editing by Anthony Esposito and Chris Reese)

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