LATAM Cargo

LATAM Airlines files for bankruptcy protection

Cargo being unloaded from a large white cargo jet.

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

Delta, LATAM lay groundwork to implement joint venture

A white jet parked on airport ramp.

Delta Air Lines (NYSE: DAL) and LATAM Airlines Group (NYSE: LTM) moved a step closer to integrating operations with the signing Thursday of an agreement outlining how they will implement their joint venture agreement struck last September.

The airlines are anticipating U.S. and Chilean competition authorities will grant permission to coordinate in all areas of their business later this year. Shippers could benefit from the arrangement as much as passengers because of the combined reach of their...

https://www.freightwaves.com/news/delta-latam-lay-groundwork-to-implement-joint-venture

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