Latam Airlines close to chapter 11 deal with creditors amid rival’s merger
Thu, Nov 25, 2021 8:26 PM

Latam Airlines close to chapter 11 deal with creditors amid rival’s merger

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Latam Airlines Group SA has reached very near to roll out chapter 11 exit strategy supported by some unsecured creditors. Latam's plan, if approved, would fend off merger overtures from Brazilian peer Azul Linhas Aéreas Brasileiras SA. Azul continues to track and seek buy-in from Latam bondholders for an alternative restructuring premised on a tie-up.

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