On Friday, LATAM Airlines Group announced its unsecured creditors had voted overwhelmingly to approve the airline’s Plan of Reorganization. Following yesterday’s announcement, LATAM’s Chapter 11 moves forward; the company still needs to obtain positive votes from holders of the RCF…
Lessor Nordic Aviation Capital (NAC) expects to exit Chapter 11 bankruptcy protection before the end of May following the approval of its restructuring plan by the Eastern District of Virginia Bankruptcy Court. NAC said on April 19 that it had received…
In a year of deep restructuring and debt-shedding, Philippine Airlines has turned a loss into a solid in 2021. The carrier reported a Ps 60.6 billion net profit after tax, compared to a Ps 73.1 billion loss in the previous year,…
The Latin American aviation market in March had five main stories: Aeromexico ’s Chapter 11, LATAM’s Chapter 11, Avianca’s Airbus order book, Chile’s new terminal in Santiago de Chile, and Mexico’s new airport in Mexico City. Let’s take a look…
Today Aeromexico announced it is emerging from its Chapter 11 bankruptcy process in the United States. Moreover, the airline announced it will receive US$1.5 billion in fresh equity from investors and that it will invest approximately US$5 billion in the…
Yesterday, the US Bankruptcy Court approved Aeromexico’s Chapter 11 plan. The airline is now set to exit Chapter 11 proceedings after more than a year and a half under financial reorganization. Moreover, if Aeromexico’s business plan is executed correctly, the…