Apollo-Backed Airline Raises $222.8M in Major US IPO Comeback
Grupo Aeromexico, Mexico’s flagship airline, just completed its long-awaited U.S. initial public offering (IPO). The airline, backed by Apollo Global Management, raised $222.8 million. This marks a major return to the public markets. The Mexican carrier had filed for Chapter 11 bankruptcy in 2020. It successfully emerged from restructuring in 2022. Aeromexico sold 11.7 million…