MEXICO CITY, Sept 9 (Reuters) - Aeromexico said on Wednesday it has received the initial $100 million payment of debtor-in-possession (DIP) financing as it undergoes Chapter 11 bankruptcy proceedings.
The Mexican airline has been approved for DIP financing of up to $1 billion.
Aeromexico Chief Executive Andres Conesa said in a statement the disbursement is an “important step” for supporting operations during the company’s restructuring. (Reporting by Daina Beth Solomon; Editing by Anthony Esposito and Chris Reese)
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