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A LATAM Brasil A320 landing in São Paulo/Congonhas Airport. (Photo: AirlineGeeks | João Machado)

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 a press release, the Chilean carrier stated that the plan is complemented by a Restructuring Support Agreement entered into with the Ad Hoc Group of Parent Creditors — which is the largest group of unsecured creditors in these Chapter 11…