Tag: LATAM Airlines Group

LATAM Airlines Group, Latin America’s largest air carrier, has sought bankruptcy court protection in New York after the Covid-19 pandemic grounded flights across the region. The Chapter 11 petition allows LATAM to keep operating while the Chilean carrier works out a plan to pay creditors and turn around the business. LATAM, whose shareholders include Chile’s Cueto family and Delta Air Lines Inc., continues to operate on a reduced schedule. The group has secured the financial support of shareholders, including the Cueto and Amaro families, which have lasting ties to LATAM, and Qatar Airways, to provide up to $900 million in ... Read more