LATAM wins approval for $2.4-billion financing

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The United States bankruptcy court approves LATAM Airlines' revised plan.

LATAM Airlines said it had won approval on Friday, September 18, for a $2.45-billion bankruptcy loan package to help it emerge from the world travel crisis caused by COVID-19.

"The decision of Judge James L. Garrity allows the group access to the $2.45 billion required to face the impact of COVID-19," the airline said in a statement.

 

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