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

Get it on Google Play
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.

More great flips

Private flying rallied in November, boosting demand for business jets

Private flying rallied in November, boosting demand for business jets

After registering a decline for several years, flying by private jet is soaring again. As per the data from WingX, the number of flights in the U.S. over the Thanksgiving travel period is forecast to be up as much as 10% from 2019. Private-jet flights were rallied 60% in the first half of November compared with a year earlier, the data tracker said.

Open Flip
Air passenger traffic rallied in top metropolitan cities in October

Air passenger traffic rallied in top metropolitan cities in October

Air traffic has been increased in the top metropolitan cities as the domestic passenger demand recovered after a fall during the second wave of covid-19, according to the latest data from the Airports Authority of India (AAI). Indian airports catered to 19.64 million passengers in October, up from 15.44 million passengers in September.

Open Flip
Hertz-Avis Budget Group eyes to expand their EV segment

Hertz-Avis Budget Group eyes to expand their EV segment

Hertz Global Holdings Inc. and Avis Budget Group are two of the biggest car-rentals firms which have recently uncovered plans to expand their plug-in offerings as the auto industry rolls out more options for drivers looking to avoid gasoline. National and Alamo, two brands owned by private enterprises also have said it is looking to add more electrics.

Open Flip

Join our Smart Investment Community

More than 250,000 users are using FlipItNews to stay updated about the business and finance world! Join FlipItNews now and take smart investment decisions!
Icon