Aeromexico could be heading for an IPO with the aim of raising $500m, according to reporting by Bloomberg citing sources close to Apollo Global Management, a key shareholder in the Mexican airline.
The carrier exited bankruptcy protection more than two years ago and has recently been considering a return to the stock market. It filed a preliminary “prospectus” in May 2024.
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The Mexico-city based airline struggled to remain afloat during the COVID-19 pandemic, but was rescued by investors including asset manager Apollo during restructuring.
It delisted from the Mexican Bolsa, BMV, in 2022.
The airline and its owners are working with major US and international banks in the lead-up to the public floatation, including Barclays, Morgan Stanley, JPMorgan Chase, Evercore, and Apollo Global Securities.
It’s unclear when the market reintroduction may come, partially due to the volatility of local markets, according to the reporting.
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