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...
Let’s look at the financial results of LATAM Airlines Group in 2021. Overall, the airline group had total revenues worth US$5,011.3 million during 2021, a 51.0% decrease compared to 2019 due to the heavy impact of the COVID-19 pandemic and the company’s Chapter 11...
Today, Virgin Atlantic and LATAM Brazil launched a codeshare agreement. Both airlines are looking to increase their connectivity, giving Virgin’s customers more destinations across Brazil and LATAM travelers more options from Heathrow International Airport. The...
Delta Airlines has announced equity stake changes in LATAM and Aeromexico, two Latin American carriers currently under the Chapter 11 bankruptcy process. Delta will see its equity stakes in both airlines dilute due to the reorganization process. The US carrier will...
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