The South American giant LATAM Airlines Group has recently announced its 2023 first quarter results. The company had a 43.25 increase in revenues which amounted to $2.80 billion. LATAM Airlines had a strong start in 2023. Let’s take a look at it. Strong revenue...
2023 began with a bang for Latin American carriers. We have seen almost everything in these first three months. From the announcement of new airlines to the cease of operations of three –possibly four– operators in the region, it has been a very active period. New...
On November 3, 2022, LATAM Airlines Group emerged from Chapter 11 bankruptcy protection. The airline spent two and half years reorganizing, downsizing costs and debt, and overall improving the company’s bottom line for years to come. LATAM emerges from bankruptcy...
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...
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