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Bullboard - Stock Discussion Forum Aimia Inc T.AIM

Alternate Symbol(s):  T.AIM.PR.A | AIMFF | T.AIM.PR.C | T.AIM.PR.D

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets... see more

TSX:AIM - Post Discussion

Aimia Inc > Confirms Discussions with Aeromexico
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Post by Betteryear2 on Oct 04, 2021 8:41am

Confirms Discussions with Aeromexico

TORONTOOct. 4, 2021 /CNW Telbec/ - Aimia Inc. ("Aimia" or the "Company") (TSX: AIM), announced today that in conjunction with recent disclosures made in the bankruptcy proceedings of Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX) relating to PLM Premier, S.A.P.I. de C.V. (PLM), the operator of the Club Premier loyalty program in Mexico, Aimia acknowledges that the Company is in discussions with Aeromexico and its Debtors regarding a potential transaction whereby the Company would divest its 48.9% equity stake in PLM which would become a wholly-owned subsidiary of Aeromexico. 

The Company has not entered into an agreement to effect any particular transaction, and there can be no assurance that such discussions will result in any such agreement. As such, neither Aimia nor any of its designated representatives will be providing any additional comments at this time. The Company does not intend to issue any further press release or provide any updates regarding these matters unless, and until, it enters into a binding, definitive agreement with respect to a transaction. 

All shareholders, prospective investors, and analysts are encouraged to rely only on information provided by the Company in its ongoing disclosures, which are available on the Company website and on SEDAR.

https://www.newswire.ca/news-releases/aimia-confirms-discussions-with-aeromexico-regarding-potential-plm-transaction-884219627.html
Comment by Bookends on Oct 04, 2021 4:41pm
Any speculation on this? Do we have any idea what the debtors can offer? Perhaps direct shares in the new restructured AeroMexico company? I don't really see them ponying up some cash for it. The market seems rather optimistic about it anyhow.
Comment by nozzpack on Oct 04, 2021 5:10pm
Following the initial $69.3 million (US$50.0 million) loan to Aeromexico made by PLM under the existing PLM intercompany loan facility upon the signing of the letter of intent between Aimia and Aeromexico announced on May 12, 2020, PLM pre-purchased $69.3 million (US$50.0 million) of award tickets upon the execution of the amendments to the CPSA. The loan and pre-purchase are secured by ...more  
Comment by CornInHerPuss on Oct 05, 2021 2:49pm
Surely no one expects the debtors of AeoroMexico to congure 400M$USD to Aimia.  I mean, they'll have to renogociate whatever was signed and come up with arrangements mutually... What do you think this will look like?
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