Following regional rival Avianca Holdings’s footsteps, LATAM Airlines, the largest carrier in Latin America, is reorganizing and restructuring debt under court-supervised bankruptcy protection in the United States because of the unprecedented downturn in business caused by the coronavirus.
Today’s filing for Chapter 11 bankruptcy covers LATAM Airlines Group (NYSE: LTM), headquartered in Santiago, Chile, as well as its affiliates in Colombia, Peru, Ecuador and the U.S., but not those in...
https://www.freightwaves.com/news/latam-airlines-files-for-bankruptcy-protection