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Compania Mexicana de Aviacion S.A. de C.V.

Version française

On August 5, 2010, COMPAÑIA MEXICANA DE AVIACIÓN, S.A. DE C.V. (the “Debtor”), a scheduled passenger air transportation company located in Mexico, filed a motion to the Superior Court of Quebec (Commercial Division) of the District of Montreal to obtain the recognition of foreign proceedings regarding Section 46 and following of the Companies’ Creditors Arrangement Act (“CCAA”). The order rendered the same day orders that the restructuring proceedings commenced by the Debtor pursuant to the Mexico’s Ley de Concursos Mercantiles (the “Foreign Proceedings”’) be and recognized for the purposes of the CCAA and confirms the appointment of Samson Bélair/Deloitte & Touche Inc. as Information Officer who is authorized and empowered to provide such assistance to the Foreign Representative of the Debtor. On September 6, 2010, the Foreign Proceedings has been approved by the Mexican Court allowing the Debtor to initiate the Reorganization Phase. The Mexican Court also approved the implementation of the Procedures relating to the credit recognition application process and the credit recognition Bar Date, which has been set for 5:00 p.m. (Mexico City time) on December 3, 2010. At the Debtors’ request, the Court rendered on November 10, 2010 an order authorizing the extension of the stay period until November 16, 2010. At the Debtors’ request, the Court rendered on November 16, 2010 an order authorizing the first extension of the stay period until January 14, 2011 and issued an order authorizing the insolvent debtor and the petitioner to give effect to an agreement on the refund of tickets. At the Debtors’ request, the Court rendered on January 13, 2011 an order authorizing the second extension of the stay period until April 15, 2011 and issued an order approving an agreement between the petitioner and the insolvent debtor on the refund of tickets. At the Debtors’ request, the Court rendered on April 14, 2011 an order authorizing the third extension of the stay period until July 15, 2011. At the Debtors’ request, the Court rendered on July 8, 2011 an order authorizing the fourth extension of the stay period until September 20, 2011. At the Debtors’ request, the Court rendered on September 20, 2011 an order authorizing the fifth extension of the stay period until November 30, 2011. At the Debtors’ request, the Court rendered on November 28, 2011 an order authorizing the sixth extension of the stay period until February 20, 2012. At the Debtors’ request, the Court rendered on February 15, 2012 an order authorizing the seventh extension of the stay period until February 27, 2012. At the Debtors’ request, the Court rendered on February 27, 2012 an order authorizing the continuity of the seventh extension of the stay period and the Safeguard until May 21, 2012. At the Debtors’ request, the Court rendered on May 17, 2012 an order authorizing the eight extension of the stay period and the Safeguard until August 22, 2012. At the Debtors’ request, the Court rendered on August 23, 2012 an order authorizing the ninth extension of the stay period and the Safeguard until November 23, 2012. At the Debtors’ request, the Court rendered on November 20, 2012 an order authorizing the tenth extension of the stay period and the Safeguard until November 20, 2013.

 Court Documents

Reports and Statements

Creditors' Information

  • Notice published on the National Post on August 13, 2010
  • Notice published on the National Post on August 20, 2010

 

 

The Resolution is available for review at the following web address:

http://www.ifecom.cjf.gob.mx/

 

Press release