Aeromexico shares rose on the second day despite a missed loan

Shares of Aeromexico gained 4.48% on Friday, rising for the second consecutive day as it was unable to repay its debt after filing for bankruptcy protection.

Aeromexico, part-owned by Delta Air Lines Inc., became the third airline in Latin America this week.

Bank Ciobanko said late Thursday that Aeromexico failed to pay 1.01 million pesos ($ 45,000) in interest on local stock certificate AEROMAX 01119.

Citibank, which represents securities holders, said it would convene an investor meeting to address the issue.

Aeromexico shares traded at 5.37 pesos on Friday, closing at 5.17 pesos before cutting profits.

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