Aeromexico sets investor meetings to discuss debt overhaul

FILE PHOTO: The logo of the aerial company Aeromexico is seen at the Aeromexico counter at Benito Juarez international airport in Mexico City, Mexico, July 1, 2020. REUTERS/Edgard Garrido

MEXICO CITY (Reuters) - Mexico's Aeromexico AEROMEX.MX on Monday scheduled meetings with investors to discuss debt restructuring after becoming the third large Latin American carrier to file for Chapter 11 bankruptcy protection last week.

Management of the airline part-owned by Delta Air Lines Inc DAL.N proposed focusing on the modification of payment terms for stocks and other certificates in the meetings now planned for July 20, according to a statement sent to the Mexican stock exchange.

Last week, bank CIBanco said Aeromexico had failed to make interest payments worth some 1.01 million pesos ($45,000) on local stock certificates AEROMEX 01119.

Shares in Aeromexico closed down 2.13% on Monday.

Reporting by Daina Beth Solomon; Editing by Tom Brown