US Court approves Latam extension

September 24, 2021

Today, the Court of the Southern District of New York’s judge approved the request for the extension of the exclusivity period to present LATAM’s Reorganization Plan until October 15. As previously reported, this request, submitted on September 9, is an alternative contemplated within the process.

It should be recalled that LATAM Airlines Group and its affiliates in Chile, Colombia, Ecuador, USA, Peru and Brazil, voluntarily made use of Chapter 11 in May 2020, after the serious consequences of the COVID-19 pandemic. Through this process, affiliates will be able to resize their operations and adapt them to new demand and reorganize their financial balance, allowing them to reemerge as more agile, efficient and sustainable businesses for a post-pandemic stage.

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.