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CEO says Interjet intends to be operational within six months

Mexico City, Mexico — Mexico’s airline Interjet, who has not operated since December of 2020, says they intend to reactivate operations in six months. The company, immersed in a near year-long strike and with debts close to 40 billion pesos, says they are in the process of obtaining investors.

According to their new CEO, Luis Federico Betrand, Interjet intends to reactivate operations within a period of six months with a fleet of 10 aircraft and the objective of becoming a trunk airline for regional cargo.

The new director of the airline announced that to launch the airline’s new version called Interjet 2.0, an initial investment of approximately $5 million USD is required and with a view in a period of five to 10 years, there are investments of between $350 and $400 million dollars.

Iván Romo, Interjet’s lawyer, reported that the company will seek to attract investors by offering 51 percent of the company’s shares or by creating an administration trust.

“We are in a process not of bankruptcy, but of conciliation. The reality is that no one is going to get 100 percent of their money back,” said Romo.

The airline would initially return to service with 10 aircraft and a workforce of between 500 and 600 workers at the airports of Mexico City, Toluca and Felipe Angeles International Airport (AIFA), which is set to open in March of 2022.

In the airline’s reactivation plan, Interjet will seek to serve the approximately 9,000 to 12,000 passengers who bought tickets before the strike, but were unable to fly.

Accompanied by the lawyers who carry out the conciliation process with creditors and in the search for investors, Luis Bertrand pointed out that he is in the process of renegotiating the company’s nearly 40 billion peso debt.