Aeromexico has filed an amended reorganisation plan with a US bankruptcy court that includes a proposal to give lead lender Apollo Global Management an equity stake. The plan is due to be assessed by the court on 6 December. “Aeromexico will continue working with all of its key stakeholders to obtain court approval of the plan, solicit votes in favour of the plan … and emerge from the Chapter 11 process as expeditiously as possible,” the airline says on 29 November. Earlier this month, Aeromexico said the so-called “Alliance proposal” for restructuring had support from strategic partner and shareholder, Atlanta-based Delta Air Lines. The plan “provides an implementable solution, through a solid group of long-term Mexican investors, to comply with foreign ownership requirements”, it said. The Mexico City-headquartered carrier, which filed for Chapter 11 bankruptcy protection in mid-2020, says creditors and investors would repay the loan held by Apollo. The plan “represents a key milestone under the company’s restructuring process”, the airline says. Apollo is also behind the initial public offering of US ultra-low-cost-carrier Sun Country Airlines. The Minneapolis, Minnesota-based carrier’s shares began trading on the NASDAQ exchange in March 2021. <br/>
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For the hundreds of passengers traveling from South Africa to Amsterdam on Friday, flight KL592 had all the trappings of international travel in the Covid era. They came armed with paperwork proving their eligibility to fly, and check-in agents sifted through a bewildering assortment of requirements determined by final destination. Some countries, like the United States, required vaccinated travelers to show negative test results. Others didn’t. On the long flight, only some wore masks, passengers said, as flight attendants often let the slipping masks slide. But while the flight was en route, and the passengers slept or watched their screens, everything changed on the ground. Panic about the new Omicron variant that had been discovered in southern Africa prompted countries to close their borders. The arrivals descended into a new post-Omicron reality, and it was a hellish one, with hours spent breathing stale air as their planes sat on the tarmac, then fighting exhaustion in crammed waiting rooms, awaiting swab results in close quarters with fellow travelers who would turn out to be infected with the new and possibly more dangerous variant. “We were in the same place, the same room,” said one passenger, Jan Mezek, 39, a laboratory technician whose company services swab-test machines and who was returning from a two-week work trip to his home in Prague. “I felt like a pig in a pen,” he said, adding “they were completely spreading the virus around us.” Of the more than 60 people on that and another KLM flight from South Africa who tested positive for the virus, at least 14 had Omicron, according to Dutch officials. The Dutch authorities have quarantined them — and arrested a couple who had tried to break out and fly to Spain — while requiring the hundreds who showed negative results from the PCR test administered at the airport to go home or board connecting flights to their final destinations. “They went around the world, who knows where,” said Fabrizio Pregliasco, a prominent Italian virologist at the University of Milan. He said that all the passengers should have been quarantined or isolated and monitored closely for seven to 10 days, especially because they could have caught the virus on the flight and tested negative as it incubated. “If this variant is very contagious, this flight is an explosive bomb,” Dr. Pregliasco said. Story has more.<br/>