Aeroméxico has filed a $1billion debtor-in-possession (DIP) financing motion for funds from Apollo Global Management, as part of moves to strengthen the carrier’s liquidity as it navigates Chapter 11 bankruptcy in the US. Aeromexico becomes the second Latin American carrier to file a DIP motion after LATAM did so in May. On August 13 the Mexican carrier went  before Judge Shelley C. Chapman of the United States Bankruptcy Court for the Southern District of New York, as a follow-up to the financial restructuring process started on June 30. Aeromexico has received, subject to court approval, commitments for a $1billion senior secured superpriority multi-tranche DIP term-loan

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