Chapter 11

As the New York Times published on Thursday, LATAM Airlines Group, announced it will be adding its unit in Brazil to the debt restructuring process. The company said the proposal still required approval from the U.S. Court. LATAM also announced it would add its unit in Brazil to the bankruptcy protection process in the United […]

Aeromexico parent group, Grupo AeroMexico SAB., has voluntarily opted to further its restructuring via the Chapter 11 bankruptcy process, the company reported on Tuesday. This comes as other Latin American carriers struggle to restructure themselves in the wake of the COVID-19 epidemic. Aeromexico has faced competition from rising names such as InterJet and Volaris, who […]

In a communication addressed to the Chilean Financial Market Commission (CMF), LATAM Airlines Group has announced that it will voluntarily file to reorganize under Chapter 11 protection of the United States Code. The requested restructuring involves subsidiaries in Chile, Colombia, Peru, Ecuador, the United States of America, the Cayman Islands and the Netherlands. The subsidiaries […]

Avianca Holdings and some of its subsidiaries “voluntarily file[d]” for chapter 11 bankruptcy in the Bankruptcy Court of the Southern District of New York in the U.S., the airline announced on May 10. Avianca Holdings currently oversees a number of subsidiaries, the list of which includes Columbian airlines Avianca and Tampa Cargo, Ecuador-based Aerogal and […]

Anchorage, Alaska-based regional carrier, Peninsula Airways, commonly referred to as PenAir, has filed for Chapter 11 bankruptcy protection as of Sunday, August 6. Chapter 11 gives companies temporary protection from its creditors, giving them the opportunity to restructure their finances and organization. The airline, which is one of Alaska’s largest regional air carriers and has […]