Largest airline in Latin America files for US bankruptcy protection amid Covid-19 crisis ...United Arab Emirates

Russia Today - Economy
Largest airline in Latin America files for US bankruptcy protection amid Covid-19 crisis
source : Russia Today ( United Arab Emirates ) () 84
Latin America’s biggest carrier, LATAM Airlines Group SA, said on Tuesday that it has filed for Chapter 11 bankruptcy protection in the US. It’s seeking to restructure its debt after facing Covid-19-related financial problems. According to the company, reservations, employee pay, and flight vouchers will not be affected. Passenger and cargo operations will also continue as normal. “The US Chapter 11 financial reorganization process provides a clear and guided opportunity to work with our creditors and other stakeholders to reduce our debt, address commercial challenges that we, like others in our industry, are facing as a group,” LATAM

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