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A LATAM Airlines Boeing 787-9 departing LAX (Photo: AirlineGeeks | James Dinsdale)

LATAM Airlines Files for Chapter 11 Bankruptcy

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 of Argentina, Brazil, and Paraguay are not included in this procedure. The Brazilian subsidiary has received a state monetary contribution, but there have been no…