MEXICO CITY, June 30, 2022 /PRNewswire/ — Grupo Aeroméxico, S.A.B. de C.V. (together with Aerovías de México, S.A. de C.V., “Aeroméxico” or the “Company”) (BMV: AEROMEX) is pleased to confirm the execution of the definitive transaction agreement (the “Definitive Agreement”) in connection with obtaining total control over the Club Premier (“PLM”) loyalty program, as previously announced (the “PLM transaction“). Pursuant to the Definitive Agreement, PLM will become a wholly-owned subsidiary of Aeroméxico. The Definitive Agreement is consistent with the letter of intent previously announced by Aeroméxico on February 8, 2022.
The Mexican antitrust authorities “COFECE” approved the PLM Transaction on June 16, 2022. The PLM Transaction is expected to close on or about July 18, 2022, upon satisfaction of the remaining closing conditions, including finalization of the closing documentation set forth in the Definitive Agreement.
This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Aeroméxico: Grupo Aeroméxico, 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. Aeroméxico, Mexico’s global airline, has its main operations center in Terminal 2 of the Mexico City International Airport. Its destination network has reach in Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group’s current operating fleet includes Boeing 787 and 737 aircraft, as well as the latest generation Embraer 190. Aeroméxico is a founding partner of SkyTeam, an alliance that celebrates 20 years and offers connectivity in more than 170 countries, through the 19 partner airlines. Aeroméxico created and implemented a Health and Hygiene Management System (SGSH) to protect its clients and collaborators at all stages of its operation.
www.aeromexico.com www.skyteam.com
SOURCE Grupo Aeromexico S.A.B. de C.V.
