October 12, 2022 11:55 am ET
November 28, 2021 10:08 am ET -
LATAM Presents Reorganization Plan Including $8.2 Billion Capital Injection
LATAM Airlines Group and its subsidiaries in Brazil, Chile, Colombia, Ecuador, Peru and the U.S. announced the presentation of a reorganization plan, which outlines the group’s strategy to exit Chapter 11 bankruptcy in accordance with U.S. and Chilean legislation. In…
October 24, 2021 9:59 am ET -
Aeroméxico Reports Its First COVID-19-era Positive Quarter Results
On June 30, 2020, Aeroméxico announced the beginning of a voluntary financial restructuring process under Chapter 11 of the legislation of the U.S., which has been carried out while continuing to operate as a going concern and offering services to…
September 16, 2021 5:45 am ET -
LATAM Projects Pre-Pandemic Levels of Profitability in 2024, Receives Offers…
LATAM Airlines Group and some of its debtor subsidiaries in Brazil, Chile, Colombia, Ecuador, the U.S. and Peru released their five-year business plan along with various advances related to their exit financing process. LATAM projects, by 2024, a recovery of…
October 8, 2020 10:09 am ET -
Avianca Holdings Receives US Court Approval to Access $2 Billion…
Avianca Holdings announced that it has received approval from the U.S. Bankruptcy Court for the Southern District of New York to access its Debtor-In-Possession (DIP) financing totaling just over $2 billion. “The approval of the DIP financing package is a…
July 25, 2020 3:07 am ET -
U.S. Court Authorizes Aeroméxico to Return 19 Leased Aircraft
According to Financial Post, a U.S. judge has granted Mexican airline Aeroméxico the right to return at least 19 leased aircraft and 4 engines as part of its bankruptcy restructuring process, according to court documents published on Thursday. The aircraft…