MEXICO CITY, Feb 11 (Reuters) -

Market conditions are currently not ideal for Mexican

airline Aeromexico to list in New York, the firm's CEO said on

Tuesday, after plans to go public were delayed last year.

Aeromexico CEO Andres Conesa told journalists that the

carrier would list "as soon as market conditions allow," but did

not explain further.

"We aren't in a rush," Conesa said, adding the initial

public offering (IPO) would come "whenever shareholders decide

to sell."

Aeromexico, a Mexican legacy airline, had long been a

presence on the nation's main stock exchange. But it

delisted

as part of

Chapter 11 bankruptcy proceedings

, which it came out of in 2022.

Some of the carrier's largest shareholders after Chapter

11 include private equity firm Apollo Management,

investment firm Silver Point Capital and Delta Air Lines ( DAL )

, with which

Aeromexico has a joint venture

.

Last year, Aeromexico

filed plans to list

on the New York Stock Exchange under the ticker "AERO." Its

shareholders were set to sell American Depositary Shares (ADSs)

in the IPO, but the carrier did not disclose the size or the

price range of the offering.

Media

reported at the time

that Aeromexico investors were seeking up to $500 million

with the IPO, but that factors such as

Mexico's presidential elections

last year made the timing uncertain.