Saturday, November 27, 2021

LATAM Airlines Group Now Files Plan of Reorganization Out of Chapter 11

LATAM Airlines Group S.A. and its affiliates in Brazil, Chile, Colombia, Ecuador, Peru, and the United States today announced the filing of a Plan of Reorganization (the "Plan"), which reflects the path forward for the group to exit Chapter 11 in compliance with both U.S. and Chilean law. The Plan is accompanied by a Restructuring Support Agreement (the "RSA") with the Parent Ad Hoc Group, which is the largest unsecured creditor group in these Chapter 11 cases, and certain of LATAM's shareholders. - eTurboNews | Trends | Travel News
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