January 24, 2022
Chilean carrier LATAM Airlines Group and some of its creditors Monday wrapped arguments before a New York bankruptcy judge over the creditors' claims that the airline's proposed $1.4 billion in aircraft lease settlements is an inflated payoff for Chapter 11 plan support.
January 21, 2022
Chilean carrier LATAM Airlines Group SA on Friday asked a New York bankruptcy judge to approve $1.4 billion in settlements of aircraft lease claims, arguing the deals were reasonable compared to the $4 billion in claims the airline was facing.
January 20, 2022
Unsecured creditors and bondholders of Chilean carrier LATAM Airlines Group SA are asking a New York bankruptcy judge to reject a proposed $1.4 billion settlement of lease claims against the airline, saying the claims are worth less than half that.
November 30, 2021
Unsecured creditors of Chilean air carrier LATAM Airlines Group SA voiced their displeasure with the company's recently proposed Chapter 11 plan Tuesday in New York bankruptcy court, saying it gives insiders an unfair share of the reorganized entity.
November 05, 2021
LATAM Airlines Group SA asked a New York bankruptcy judge Thursday to approve a $9.55 million settlement with two Florida businesses that would end a decadelong dispute and litigation pending in two countries over an aircraft seized by the Colombian tax and customs authority.
October 28, 2021
Bankrupt air carrier LATAM Airlines Group SA told a New York bankruptcy judge Thursday that it had reached a deal with unsecured creditors to participate in mediation to gain another month of exclusive rights to file a Chapter 11 plan as it seeks to work out issues regarding the plan and potential exit financing.
October 22, 2021
The unsecured creditors committee in the LATAM Airlines Group Chapter 11 bankruptcy case says the South American air carrier's insistence on providing benefits for major shareholders is sending it down a dead end in its restructuring process.
October 18, 2021
Bankrupt South American air carrier LATAM Airlines Group SA received court approval Monday in New York court for a new Chapter 11 loan that will provide access to $750 million in new cash on better terms than its existing loan packages.