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GlobeNewswire·

Aeroméxico Announces Intention to Submit Share Repurchase Program for Shareholder Approval

  • Grupo Aeroméxico intends to submit a proposal to establish an annual share repurchase program of up to US$100 million for shareholder approval.
  • The program would allow the company to repurchase common shares at its discretion based on market conditions, liquidity, & capital allocation priorities.
  • The primary objective of the proposed program is to return value to common shareholders & ADR holders.
  • Approval is required from an upcoming Shareholders' Meeting before any repurchases can commence.