Aeromexico shares rise for second day despite missed debt payment

Shares in airline Aeromexico closed up 4.48% on Friday, rising for a second straight day even as the company missed a debt payment after filing for bankruptcy protection. Aeromexico this week became the third airline in Latin America to file for Chapter 11 bankruptcy protection after the business took a huge hit from the coronavirus pandemic. Late on Thursday, bank CIBanco said Aeromexico had failed to make interest payments worth some 1.01m pesos ($45,000) on local stock certificates AEROMEX 01119. CIBanco, representing holders of the securities, said it would convene a meeting of investors to resolve the matter.<br/>