UPDATE – SAS has filed for Chapter 11 bankruptcy protection at the New York Southern District Court on July 5. This follows a day after pilot unions announced a strike after they and the unions failed to reach an agreement. SAS files for Chapter 11. “The...
The US Bankruptcy Court for the Southern District of New York approved LATAM Airlines Group’s Plan of Reorganization filed in the context of its Chapter 11 reorganization proceeding on Saturday, the company reported. LATAM’s Chapter 11 Plan has been...
During the weekend, LATAM Airlines Group announced it had signed debt commitment letters with different financial entities, securing an exit financing from its Chapter 11 process. The airline is currently awaiting the ruling of the United States Court regarding its...
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...
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 “overwhelming...
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