U.S. Bankruptcy Judge James Garrity Jr. blocked Latam Airlines Group from accessing as much as $2.45 billion of proposed bankruptcy financing, by Bloomberg.
See also: Airlines are reinventing themselves in Brazil after the crisis that left them on the ground.
The credit agreement didn’t to conform with bankruptcy rules, according to a Thursday ruling by Garrity. More than $1 billion of the financing was set to come from Oaktree Capital Management and at least $900 million from Qatar Airways as well as Chile’s Cueto family, two major Latam shareholders.
Related Topics
Delta and Aeroméxico Challenge U.S. Decision to Terminate Their Joint Venture
How American Airlines Trains Its Pilots to Fly Airbus A321XLR over North Atlantic
British Airways Introduces New VIP Lounge Concept with Openings in Miami and Dubai
LATAM Brasil Boosts Connectivity in September with 14% Capacity Increase and New Routes
Líder en noticias de aviación