Overview
- Shares and ADS began trading on November 6 under the symbol AERO on the BMV and NYSE, with final settlement expected November 7 subject to customary closing conditions.
- The offering sold 27.46 million shares in Mexico at 35.34 pesos and 11.73 million ADS in the United States at $19 each, with one ADS representing 10 ordinary shares.
- The structure included a primary tranche of 7 million shares in Mexico and 7,394,409 ADS, plus a secondary tranche of 20,463,590 shares in Mexico and 4,332,916 ADS, and a U.S.-only over‑allotment option of about 2.1 million ADS.
- Aeroméxico targets approximately $178.8 million in gross primary proceeds, supplemented by a concurrent private placement of about $25 million to PAR Investment Partners to fund fleet expansion, maintenance and customer‑experience investments.
- Delta Air Lines did not sell in the transaction and agreed to a four‑year lockup, while Aeroméxico’s first session closed at 36.20 pesos in Mexico and $20.35 in New York.