Mexican airline Aeromexico has postponed its plans to go public on the New York Stock Exchange due to unfavorable market conditions. This decision was communicated by the airline's CEO, Andrés Conesa, who mentioned that the listing would proceed only when market conditions improve.  

Reasons for IPO Delay  

According to Aeromexico's CEO, the current market environment poses challenges for the proposed listing. Although Conesa did not specify the exact reasons, given the volatility of global markets and the high competition in the airline industry, such a move seems reasonable.  

In 2022, the company announced its intention to launch an IPO on the NYSE under the ticker AERO, planning to offer American Depositary Shares. However, at that time, neither the shareholders nor the company disclosed the expected size or price range of the offering.  

Impact of Shareholders on Strategy  

Currently, Aeromexico is recovering from Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Code. Among its largest shareholders are:  

- Apollo Management $APO - A major private equity firm that played a significant role in the airline's restructuring.  

- Silver Point Capital - An investment firm focused on distressed assets.  

- Delta Air Lines $DAL - An American airline, part of a joint venture with Aeromexico, which plays a crucial role in its operational strategy.  

These investors are likely key stakeholders in the listing process and in restoring the carrier's financial health.  

Key Phases of Aeromexico's Recovery  

Aeromexico's recovery from bankruptcy is being executed in phases:  

1. Debt Restructuring. Through the Chapter 11 process, Aeromexico attracted significant investment and revised its debt obligations.  

2. Partnership with Delta. Joint projects with Delta Air Lines allow the company to strengthen its position in international transport and key routes.  

3. Focus on Profitability. Returning to listing plans is directly related to improving operational efficiency and attracting a new investor base.  

Future Prospects  

Listing Aeromexico on the New York Stock Exchange remains a strategically important goal for the company. Entering the international stock market will enable the carrier to raise capital to expand its business, strengthen its position in global aviation, and reduce its debt load.  

However, the timeline for IPO execution remains uncertain as the company explores alternative measures to maintain financial stability and enhance its presence in primary aviation markets.