This blog post was updated on August 21, 2019.
Aeromexico recently announced that it will invest $1.3 billion to purchase 20 new aircraft.
The new aircraft (10 Embraer 190s and 10 next generation Boeing 737s) will allow the airline to expand domestic and international service.
In a press release, the carrier said funding for the new fleet additions would come from a mix of fresh capital, reinvested earnings, and internal resources.
Part of the capital will come from an initial public offering. Aeromexico made public its intent to file an IPO last week.
Domestically, new service will be made available to Huatulco, Colima, and Tepic. International flights from Mexico to Miami and San Antonio will increase.
New routes to Caracas, Guatemala, Panama, Fresno, and San Francisco will be added throughout the year.