Aeromexico, a big Mexican airline, was planning to sell shares of its company (like selling pieces of a LEGO set) on the New York Stock Exchange. This is called an Initial Public Offering (IPO). But they decided to wait because the market isn't good right now. They're not in a hurry to sell!
- Aeromexico had to go through bankruptcy, and now it's trying to start fresh.
- Big investors like Apollo and Delta own parts of Aeromexico.
- They were hoping to raise up to $500 million by selling shares.
- There are also concerns about their partnership with Delta Airlines.
| Fact | Details |
|---|---|
| IPO Goal | Up to $500 million |
| Stock Exchange | New York Stock Exchange |
| Current Status | Delayed due to market conditions |
