Group Of Mexican Businessmen Purchases A Significant Stake In AEROMEXICO
MEXICO CITY, Feb. 12, 2013 /PRNewswire/ -- Grupo AeroMexico, S.A.B. de C.V. ("AEROMEXICO") (BMV "AEROMEX"), informs that:
1. A group of Mexican businessmen, led by Eduardo Tricio, purchased today on the Mexican Stock Exchange shares representing 20.19% of the outstanding shares of AEROMEXICO. With this transaction, such group, which invested in the airline since 2007, will increase their holdings. As a result of this transaction, Eduardo Tricio is the only member of the Board of Directors that is a record owner of more than 10% of the shares of AEROMEXICO. Mr. Tricio, together with members of his immediate family, may be deemed to have significant influence (under Mexican law) in AEROMEXICO as a result of shareholders' arrangements that, in certain circumstances, allow him to direct the vote of more than 20% of our outstanding shares. Some of our shareholders, that are also members of our Board, have executed arrangements related to rights of first refusal, management and similar matters as provided under the Mexican Securities Market Act.
2. Eduardo Tricio will become Chairman of our Board and Valentin Diez-Morodo will be our Vice-Chairman. AEROMEXICO conveyed its gratitude to Jose Luis Barraza Gonzalez, who has presided our Board during more than five years, recognizing his accomplishments.
About Grupo Aeromexico
Grupo Aeromexico, S.A.B. Ltd., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. It has a fleet of Boeing 777, 767, 737 and the latest models of Embraer 145, 170 and 190. As of 2011, an important expansion plan began that includes the incorporation of 20 new planes and properties over the next 24 months. In 2012, Aeromexico announced that it signed a letter of intent to purchase 100 Boeing aircraft, 90 Boeing 737 MAX and 10 Boeing 787-9 Dreamliner, making it the largest investment program in Mexican aviation history.
Grupo Aeromexico operates its main hub out of Terminal 2 in the Mexico City International Airport. The Group's airlines operate more than 600 daily flights to different cities in Mexico, the United States, Canada, Central and South America, as well as Europe and Asia.
Aeromexico is a founding member of SkyTeam, the global airline alliance comprised of the following 19 airlines: Aeroflot, Aerolineas Argentinas, Air Europa, Air France, Alitalia, China Airlines, China Eastern, China Southern, CSA Czech Airlines, Delta Air Lines, Kenya Airways, KLM Royal Dutch Airlines, Korean Air, Middle East Airlines, Saudia, TAROM Romanian Air Transport, Vietnam Airlines and Xiamen Air. SkyTeam offers all partner airline passengers a large global network with more destinations and frequencies, and improved connectivity. Passengers can accrue and redeem miles with the different partners' loyalty programs and enjoy the convenience provided at 525 airport lounges worldwide. SkyTeam offers its 552 million annual passengers more than 15,000 daily flights to 1,000 destinations in 187 countries.
SOURCE Grupo Aeromexico, S.A.B. de C.V.