Photo: Aeroméxico

By THE PULSE NEWS MEXICO STAFF

The value of stocks in Mexico’s official airlines, Aeroméxico, plunged by 29 percent, to just .41 pesos per unit, on Wednesday, March 16 — their lowest price ever — as the company began the final steps to emerge from Chapter 11 bankruptcy.

Aeroméxico won a U.S. court permission to emerge from Chapter 11 in late January after a financial restructuring.

Under that restructuring, the Mexican-based Apollo Global Management corporation,  retained a stake of about 22 percent of the airlines, while Delta maintained 20 percent.