Interjet has filed for bankruptcy and must auction off its assets

Mexican judge declares full bankruptcy on Monday Interjet airlineafter more than two years out of business, and ordered the sale of its assets to pay off outstanding debts to creditors.

“The Trustee is ordered to proceed with the alienation of the property and rights constituting the Property (…), trying to get from their alienation the maximum possible product in order to make payment to creditors”, says the ruling of Judge Saul Martínez, head of the Second District Commercial Bankruptcy Court in Mexico City.

Mexican airline for a good reason ABC Airlinesbegan bankruptcy proceedings from August 2022 after the termination of its activities in December 2020.

This, after workers’ strike from Interjet a month earlier for debts in excess of 5,000 million pesos.

In a ruling by a Mexican judge, the company was asked to approve Gerardo Sierra Arrasola as mediator, who has been appointed since September 2022 by the Mexican government to conduct bankruptcy proceedings for the airline company.

In this sense, Interjet was ordered “immediately” to transfer ownership and control of the assets to Sierra, “except for inalienable, irrevocable and inevitable.”

Similarly, assets that are part of a parallel enforceable judgment have been written off in accordance with liabilities that existed prior to the judgment. commercial bankruptcy.

In addition, the Mexican judge asked the intermediary to initiate “seizure procedures by taking inventory of books, papers, documents, electronic means of storage and processing of information, the presence of cash and all the assets of the merchant.”

For this process, coordination with the court was requested “by the most expeditious means” and stated that “for the practice of occupation proceedings, non-working days and hours will always be considered officially authorized.”

It was also established suspend the payment of debts under the contract until the date on which this commercial bankruptcy decision becomes effective, except for those necessary for the ordinary course of business.

He bankruptcy process what Interjet is facing comes despite the optimism of its former directors who hoped to restore the airline’s operations.

Last February, a judge convicted the executive president of now-defunct Mexican airline Interjet for tax fraud. Alejandro del Valleafter a year and a half of charges, as pointed out by the Attorney General’s Office (FGR) at the time.

“Following the joint work of the Federal Prosecutor’s Office and the FGR, a link to the process was established in relation to Alejandro “N”, Executive President Board of Directors de ABC Aerolíneas SA de CV (Interjet),” the Mexican ministry said in a statement.

According to LGRDel Valle will face this lawsuit for failing to report nearly 12 million pesos to the Mexican Treasury.

EFE

Source: Aristegui Noticias

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