Shares of Aeromexico rose more than 22% on Thursday after the Mexican airline negotiated new contracts with two labor unions, bringing it closer to accessing a second tranche of bankruptcy financing. As part of the deal with the pilots’ association (ASPA) announced late on Wednesday, Aeromexico and the union agreed to pay cuts amounting to $350m. Aeromexico said Thursday it has also reached a deal with the flight attendants’ union (ASSA). It had negotiated agreements with its two other unions in December, part of a requirement for the next disbursement of funding. The company’s stock rose as much as 22.6% on Thursday to its highest level since December, before trimming gains. The airline was approved for up to $1b in debtor-in-possession financing, and received an initial $100m payment in September. “The objectives reached during the negotiations were necessary for the company to meet certain commitments and objectives required by the funders,” Aeromexico said.<br/>