Chile’s LATAM Airlines files for U.S. Chapter 11 bankruptcy protection By Reuters

2/2
© Reuters. LATAM airlines logo, is seen inside of the Commodore Arturo Merino Benitez International Airport in Santiago

2/2

(Reuters) – LATAM Airlines (NYSE:) Group SA (SN:) said on Tuesday the company and its affiliates in Chile, Peru, Colombia, Ecuador and the United States have filed for Chapter 11 bankruptcy protection in the U.S.

Latin America’s largest airline said it secured funding from shareholders, including the Cueto and Amaro families, and Qatar Airways, to provide up to $900 million in debtor-in-possession financing.

LATAM Airlines said its affiliates in Argentina, Brazil and Paraguay were not included in the filing.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*