The wait is over; today, Avianca exits Chapter 11. The South American carrier announced it has successfully achieved agreements with its creditors, raised fresh investments of US$1.7 billion, and obtained approval for its plan of reorganization . Avianca will emerge “with…
On Friday, November 26, LATAM Airlines Group took a step forward towards exiting the Chapter 11 bankruptcy process. The carrier filed in extremis the plan, outlining the financial highlights that will allow it to recover fully from the COVID-19 pandemic…
Yesterday, the US Court approved Avianca’s reorganization plan, setting up everything for the airline to have a successfully complete reorganization and emerge from Chapter 11 before the year ends. Avianca’s Chapter 11 goes forward Avianca is the first among the…
On Friday, October 1, Aeromexico presented its Chapter 11 Plan of Reorganization, where it projects the economic and operational recovery for the next few years. The Mexican carrier also sheds light on its future alliances, fleet, and how it will…
Philippine Airlines (PAL) has received approval from the Southern District of New York bankruptcy court on a “final basis” to access a debtor-in-possession (DIP) financing worth $505 million. This will be used to support the carrier’s ongoing operations and recovery…
Today, LATAM released its five-year business plan as part of its financial reorganization. The South American airline group is forecasting when it will recover the profitability and how the market will behave in the coming years. Let’s review LATAM’s Chapter…