Emerging with what it describes as a solid financial position, Chile-based airline holding company LATAM Airlines Group has completed its financial restructuring process in the US and exited Chapter 11 bankruptcy proceedings.
LATAM was one of the three major carriers in the Latin American region to file for a bankruptcy process in the US to protect itself against the impact of the coronavirus (COVID-19) crisis on the aviation industry.
Avianca was the first to emerge in November 2021, while Grupo Aeromexico emerged in March 2022.
Having initially filed for Chapter 11 bankruptcy in May 2020 to reduce its debt, access new sources of financing and transform its business in response to the global pandemic, LATAM did not receive approval unt…
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