This year marked the end of an obscure era for Aeromexico and LATAM Airlines, two of the largest South American companies. Both airlines emerged from Chapter 11 bankruptcy after lengthy and painful processes, which began in 2020, at the zenith…
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…
Exactly as planned, Philippine Airlines has emerged from Chapter 11 bankruptcy protection within four months of entering. The airline completed its restructuring on December 31, 2021, after having filed for voluntary bankruptcy protection with the New York Southern District Court on September…
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…