Grupo Aeroméxico, S.A.B. de C.V., along with its affiliates, filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on October 1, 2021. As per the plan filed, DIP facility claims of tranche 1 of $200 million, DIP reimbursement claims, administrative expense claims, professional fee claims, United States Trustee fees, priority tax claims and other priority claims against the debtors in the range of $0.4 million-$1 million, shall be paid in full in cash. DIP facility claims of tranche 2 of $800 million shall receive new stock.

Secured claims against the debtors in the range of $636 million–$656 million shall receive payment in full in cash or reinstatement of such claim. Aerovías and Grupo Aeroméxico Recourse claims in the range of $736 million-$842 million shall receive either its pro rata share of each of the Grupo Aeroméxico new stock allocation and the Aerovías new stock allocation or Aerovías/Grupo Claimholder cash pool. General unsecured claims against Grupo Aeroméxico in the range of $47.5 million-$48 million and General unsecured claims against Aerovías in the range of $2,023 million-$2,272 million shall receive its pro rata share of Grupo Aeroméxico and Aerovías new stock allocation, and, if applicable, its pro rata share of the remaining cash pool allocated to this class; provided, that cash received from the remaining cash pool will correspondingly reduce the amount of new stock to be received.

General unsecured claims against Aeroméxico Connect in the range of $455 million-$546 million and General unsecured claims against Aeroméxico Cargo in the range of $4.9 million-$6 million shall receive their pro rata share of the Aeroméxico Connect New Stock Allocation and Aeroméxico Cargo New Stock Allocation, respectively and, if applicable, its pro rata share of the remaining cash pool allocated to the respective Classes; provided, that cash received from the remaining cash pool will correspondingly reduce the amount of new stock to be received. Unsecured convenience class claims against Grupo Aeroméxico, unsecured convenience class claims against Aerovías, unsecured convenience class claims against Aeroméxico Connect and unsecured convenience class claims against Aeroméxico Cargo shall receive its pro rata share of cash. Intercompany claims against Grupo Aeroméxico of $0.02 million, intercompany claims against Aerovías of $299 million, intercompany claims against Aeroméxico Connect of $646 million and intercompany claims against Aeroméxico Cargo of $10 million shall be reinstated, extinguished, compromised, addressed, setoff, canceled, or settled, potentially without any distribution on account of such claim.

Intercompany interests in Aerovías, Aeroméxico Connect and Aeroméxico Cargo, shall be reinstated and rendered unimpaired. Holders of interest in Grupo Aeroméxico shall receive a pro rata share of the new stock if holders exercise their preemptive rights pursuant to a statutory equity rights offering, if holders of equity interest do not exercise their preemptive rights pursuant to a statutory equity rights offering will be diluted and any possible recovery related to such interests shall be deemed waived and the owners of such interests in Grupo Aeroméxico shall receive no distribution on account of such interests. The plan shall be funded through cash, issue of new stock in the amount of $1.19 billion and by debt financing consisting of the issuance of new first lien notes in an aggregate principal amount of up to $537.5 million.

Grupo Aeroméxico, S.A.B. de C.V., along with its affiliates, filed revised joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on October 15, 2021. As per the revised plan filed, secured Claims against the Debtors is between $635 million and $656 million. Aerovías and Grupo Aeroméxico Recourse Claims against Grupo Aeroméxico and Aerovías is between $735 million and $840 million.

General Unsecured Claims against Grupo Aeroméxico is between $47.2 million and $48 million. General Unsecured Claims against Aerovías is between $1.81 billion and $2.06 billion. General Unsecured Claims against Aeroméxico Connect is between $357 million and $473 million.

General Unsecured Claims against Aeroméxico Cargo is between $3.8 million and $5 million. Unsecured Convenience Class Claims against Grupo Aeroméxico is between $0.11 million and $0.2 million. Unsecured Convenience Class Claims against Aerovías is between $11.4 million and $12.1 million.

Unsecured Convenience Class Claims against Aeroméxico Connect is between $2.7 million and $3.3 million. Unsecured Convenience Class Claims against Aeroméxico Cargo is between $1.2 million and $1.4 million. General Unsecured Claims shall also receive True Up allocated Pro Rata share of the Preemptive Rights.

There is no other change in the payment of treatment of claims Grupo Aeroméxico, S.A.B. de C.V., along with its affiliates, filed a second revised joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on November 29, 2021. As per the revised plan filedSecured Claims against the Debtors are changed to $656 million with 100% recovery, Aerovías and Grupo Aeroméxico Recourse Claims are changed to $685-$686 million wit 100% recovery, General Unsecured Claims against Grupo Aeroméxico are $95 million-$100 million with a recovery range of 84%-85%, General Unsecured Claims against Aerovías are $1791 million-$1939 million with a recovery range of 15%-16%, General Unsecured Claims against Aeroméxico Connect are $419 million-$457 million with a recovery of 3%, General Unsecured Claims against Aeroméxico Cargo are 1.20 million-$1.50 million with a recovery range of 16%-17%, Unsecured Convenience Class Claims against Grupo Aeroméxico are $0.10 million-$0.20 million with 100% recovery, Unsecured Convenience Class Claims against Aerovías are $42.20 million-$43.40 million with a recovery range of 29%-30%, Unsecured Convenience Class Claims against Aeroméxico Connect are $6.10 million-$6.50 million with a recovery range of 29%-30%, Unsecured Convenience Class Claims against Aeroméxico Cargo are $1.60 million-$1.90 million with a recovery range of 29%-30%, Customer Claims against the Debtors are $3.50 million-$8.10 million with 100% recovery and Intercompany Claims are changed to $955.15 milion. There is no change in treatment of any other claim class.

Grupo Aeroméxico, S.A.B. de C.V., along with affiliates, filed a third revised joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on December 10, 2021. As per the plan filed, tranche 2 DIP facility claim exercising the voluntary equity conversion election shall receive interest of 14.5% on the outstanding obligations to such electing Tranche 2 DIP lender under the Tranche 2 DIP facility commencing December 31, 2021 through the effective date, payable in cash or, solely in the case of Delta, payable in delta conversion stock. There are no changes in the treatment any other claim class.

The equity financing shall be available in the amount of $720 million and new first lien notes in the amount of $762.5 million. Grupo Aeroméxico, S.A.B. de C.V., along with affiliates, filed a solicitation version of third revised joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on December 10, 2021. As per the plan filed, there is no change in treatment of any claim class.

Grupo Aeroméxico, S.A.B. de C.V., along with affiliates, filed a fourth revised joint plan of reorganization in the US Bankruptcy Court on February 4, 2022. As per the plan filed, there is no change in treatment of any claim class.