Strategic Value Partners, L.P. and affiliated reporting persons filed a Schedule 13G with the SEC disclosing beneficial ownership of common shares of Grupo Aeromexico, S.A.B. de C.V., with a triggering event date of December 31, 2025.

Key Highlights

  • Top-level ownership: Strategic Value Partners, L.P. and Victor Khosla each reported aggregate beneficial ownership of 94,862,660 common shares, representing 6.5% of the class.
  • No sole voting or dispositive power: All 94,862,660 shares attributed to SVP and Khosla are held exclusively on a shared voting and shared dispositive basis, with zero sole power reported.
  • Fund-level breakdown: Ashton Gate S.a. r.l. and SVP Special Situations V LLC each reported 54,000,840 shares (3.7%); Grouse Moor S.a. r.l. and SVP Special Situations IV LLC each reported 14,468,140 shares (1.0%); Green Pasture S.a. r.l. and SVP Capital Solutions LLC each reported 22,724,810 shares (1.6%); Wild Heath S.a. r.l. and SVP Special Situations III-A LLC each reported 3,668,870 shares (0.3%).
  • Direct holders: According to the filing, the shares are directly held by the Funds, which are Luxembourg-incorporated entities (Ashton Gate, Grouse Moor, Wild Heath, and Green Pasture).
  • CUSIP: The filing identifies the security by CUSIP number 40054J109, described as Common Shares, no par value, of Grupo Aeromexico, S.A.B. de C.V.
  • Issuer address: The filing lists the issuer's principal executive offices at Avenida Paseo de la Reforma 243, Col. Cuauhtemoc, Cuauhtemoc, Mexico City, Mexico 06500.

Strategic Value Partners and Victor Khosla Disclose Aeromexico Holdings via Schedule 13G

According to the filing, ten reporting persons collectively filed a Schedule 13G with respect to common shares of Grupo Aeromexico, S.A.B. de C.V., with the date of the event requiring the filing stated as December 31, 2025. The filing identifies the reporting persons as Strategic Value Partners, L.P. (SVP), four Luxembourg-incorporated fund vehicles, four Delaware-organized limited liability companies, and Victor Khosla as an individual.

The filing discloses that the shares are directly held by four funds: Ashton Gate S.a. r.l., Grouse Moor S.a. r.l., Wild Heath S.a. r.l., and Green Pasture S.a. r.l. Each Luxembourg fund entity is paired with a corresponding Delaware manager: SVP Special Situations V LLC manages Ashton Gate, SVP Special Situations IV LLC manages Grouse Moor, SVP Special Situations III-A LLC manages Wild Heath, and SVP Capital Solutions LLC manages Green Pasture. According to the filing, SVP is the managing member of each of those four Delaware entities. The filing further states that SVP Manco GP, LLC serves as the general partner of SVP, and that SVP Management Intermediate, L.P. is the sole limited partner of SVP.

Victor Khosla, identified as a United States citizen and classified as an individual (type "IN") in the filing, is attributed the same aggregate total of 94,862,660 shares at 6.5% as SVP itself, entirely on a shared basis. All other reporting persons are classified as type "OO." No sole voting power or sole dispositive power is reported for any of the ten reporting persons; all reported power is shared. The filing does not state a purchase price or transaction date for the shares.

What Was Disclosed

The Schedule 13G filed by Strategic Value Partners, L.P. and nine affiliated entities and individuals discloses aggregate beneficial ownership of 94,862,660 common shares of Grupo Aeromexico, S.A.B. de C.V., equal to 6.5% of the class, as of December 31, 2025, with all voting and dispositive power held on a shared basis.