U.S. Court approves extension for filing of LATAM Reorganization Plan.
On Thursday morning, 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 Oct. 15. As previously reported, this request, submitted on Sept. 9, is an alternative contemplated within the process.
See also: LATAM will upgrade its A320 aircraft with “Descent Profile Optimisation” function.
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.
Related Topics
Canada to remove all COVID travel measures and restrictions as of October 1
COVID Casualties Force EasyJet To Cancel Some UK Flights
Heathrow airport no longer requires mandatory use of face masks
U.K. will stop requiring Covid tests for vaccinated travelers.
Plataforma Informativa de Aviación Comercial líder en América Latina.