Aeromexico secures compensation agreement with Boeing for temporary grounding of 737 MAX

Grupo Aeromexico S.A.B. de C.V. (BMV: AEROMEX) has announced that it has reached a privileged and confidential compensation agreement with The Boeing Company to mitigate Aeromexico´s costs arising from the temporary grounding of the airline´s Boeing 737 MAX aircraft, the company said.

The company remains in constant communication with Boeing and the national and international aeronautical regulatory authorities and is looking forward to the aircraft reinitiating operations, once it has been recertified.

Grupo Aeromexico S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico´s global airline, operates more than 600 daily flights and its main hub is in Terminal 2 at the Mexico City International Airport. The company´s operating fleet of 121 aircraft is comprised of Boeing 787 and 737 jet airliners and next generation Embraer 170 and 190 models.

Aeromexico offers customers more than 1,000 destinations in 179 countries served by the 19 SkyTeam airline partners rewarding passengers with benefits including access to 636 premium airport lounges around the world. Aeromexico also offers travel on its codeshare partner flights with Delta Air Lines, Air France-KLM, Avianca, Copa Airlines and WestJet, with extensive connectivity in countries like the United States, Brazil, Canada, Colombia and Peru.