Chile’s LATAM Air gets backing by unsecured creditors in Chapter 11 exit plan

Chile’s LATAM Air gets backing by unsecured creditors in Chapter 11 exit plan

Chile’s LATAM Airlines has received backing by a majority of its unsecured creditors in its Chapter 11 bankruptcy exit plan, the airline said. LATAM, which filed for bankruptcy in the United States in 2020 after being hit by the coronavirus-related travel downturn, said around 65% of its low-ranking creditors had backed the plan. A committee…

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