• Photo: Dinac Paraguay


Artikel Nummer: 38810

Back into light

Latam Airlines Group and its affiliates in Brazil, Chile, Colombia, Ecuador, Peru and the USA - including Latam Cargo Chile, Latam Cargo Colombia and Latam Cargo Brazil, which will gradually increase their combined fleet from eleven to a total of up to 21 freighters by 2023 - announced the filing of a plan of reorganisation that reflects the path forward for the group to exit Chapter 11 in compliance with both US and Chilean law.


It is accompanied by a restructuring support agreement with the Parent Ad Hoc Group, the largest unsecured creditor group in these Chapter 11 cases, and proposes the infusion of USD 8.19 billion through a mix of new equity, convertible notes and debt, which will enable the group to exit Chapter 11 with appropriate capitalisation to effectuate its business plan.


Upon emergence, Latam is expected to have a total debt of USD 7.26 billion and liquidity of USD 2.67 billion. (ah)





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