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
Air India to Resume Direct Flights Between Delhi and Rome Starting March 2026
Ryanair Puts Over 10 Million Seats on Sale for Summer 2026
Pakistan Advances Privatization of PIA After Intense Bidding for 75% of Airline
Lufthansa Receives Its Boeing 787-9 in Frankfurt with Special Livery for Airline’s Centennial
Líder en noticias de aviación