Latin America's largest airline, LATAM, files for Chapter 11 bankruptcy

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 12%
  • Publisher: 55%

LATAM Airlines Group, the largest air carrier in Latin America, filed for Chapter 11 bankruptcy on Tuesday, according to a statement released on its website

United States Headlines News

United States Latest News, United States Headlines

Atlanta .

Reservations, employee pay, flight vouchers as well as passenger and cargo operations will not be affected, according to the statement."The U.S. Chapter 11 financial reorganization process provides a clear and guided opportunity to work with our creditors and other stakeholders to reduce our debt, address commercial challenges that we, like others in our industry, are facing as a group," the company said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 393. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🙏 In America ,to have to use twitter, post on Facebook to raise $$ for His aftertransplantcare fund is just shameful & embarrassing,why is it like this ? Why ? 👈 Please 🔄 , it will help 👀 see! 🙏THANK You so much! HumanCapitalStock JamesNewHeart

Просто оставайтесь дома

Corporate Social Irresponsability LATAMAirlines response to Covid 19 is keep profits their pockets and neglect workers rights and demands... abusive tickets price and no respect 4 labour regulations noalaextorsionlatam stop abusing workers and pax

That's karma after years of taking advantage with ridiculous fees and terrible service.

Hey i offer you all anime store , clothes,necklases,shoes,t-shirts and oders,fullfying atleast once a weak. Good luck and good price enjoy the site! Every ten client will get discount! :)

We will see a lot bankruptcies just hold on, shaky business and small business will take the hit

😞😞😞

Rename it LatinX Airlines.

Please help me! My name is Lin donglong, an employee of China telecom fuzhou branch. Company manager huang fei (communist party of China) organized the leadership of the gang of evil forces brutal persecution: surveillance location, insult,abuse, framed to take nude photos of me

Bebe world news Trump puts restrictions on employment for overseas entrants. The global leader, Trump, appears to be selfish as he cares about the employment of the American people and is eventually turning a blind eye to the world.

Baby World Breaking News Kawasaki's Mystery Case has been reported in South Korea for the first time since the epidemiological investigation. This was the first case in the UK and has resulted in children suffering from necrosis in 13 countries, including the United States

soon to be replaced by one asian nation‘s Airlines. like they are trying to do. taking over everywhere

6f6e5ba6bdc34ae If it's any consolation it was a crap airline.

Primero Avianca, ahora también LATAM!!? Los grandes grupos de aviación comercial de América Latina... 🤦🏽‍♂️😳😖

CNN filed for Chapter 11 bankruptcy. Oh, sorry, fake news.

Wow

As empresas vão recolher as turbinas dos aviões...

I think it is because of covid 19.Well it will resume after this period and everything will come to normal.

If we had not gone with the stupid option of lockdowns on account of liberal vermin vaginas we wouldn't be seeing these needless results. Liberals are literally a danger to our species planetwide.

Sad...

Now what.

flightradar24

Нельзя СМИ поднимать панику, создавать чувство безысходности у целых масс народа, нападать на всех, кто приглашает к благоразумию.

Can anyone answer when Americans need money from Government to stay alive, why our government commits to give $3.8billion of American’s money to Isreal each year for next 10 years?!

They have terrible service anyways, time for someone else to move in on their LATAM monopoly.

HaraldDoornbos There we go....

Great Depression v2.0?

Do they not print money in Latin America

Thanks China!

Latam Airlines Group says it is seeking chapter 11 bankruptcy protection as it grapples with sharp downturn in air travel caused by coronavirus pandemic.

Hoax. Nice try CNN but everyone knows planes can't be Latin American 😤👉

Go back and ask to all LATAM social democrats governments for emergency bail out help ... 😑 Socialism Sucks ... 🙄

The company said it affiliates in Argentina , Brazil and Paraguay were not included in the chapter 11 filing.

It’s sad but at least it’s Chapter 11, hopefully they save it and it won’t go bankrupt

The airlines and its affiliates will continue to fly with no impact on passengers or cargo operations or reservations , the statement issued by the company said.

More Breaking News This completely drops any chance of her becoming VP Due to Fakenews hate for Trump Own it CNN

A man can be as great as he wants to be. If you believe in yourself and have the courage, the determination, the dedication, the competitive drive and if you are willing to sacrifice the little things in life and pay the price for the things that are worthwhile, it can be done.🇺🇸

Not the first, won’t be the last

Freaken world is bankrupt.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 Uplifting Moments in Latin Music this Week (May 23)nickiminajiscoming MMM Shakira my favorite fish taco.. Love this
Source: billboard - 🏆 112. / 63 Read more »

Memorial Day 2020: Ultimate Latin PlaylistFrom Maluma to Karol G, and beyond, Billboard put together a playlist that will help you unofficially kick off summer from Club Quarantine.
Source: billboard - 🏆 112. / 63 Read more »

Chile's LATAM Airlines files for U.S. Chapter 11 bankruptcy protectionLATAM Airlines Group SA said on Tuesday the company and its affiliates in Chile, Peru, Colombia, Ecuador and U.S. have filed for Chapter 11 bankruptcy protection in the United States, due to a slump in travel worldwide amid the coronavirus crisis. No eran 'Los Reyes del Aire' ? Latam, It is Lan Chile + Tam Brazil Ouch! Thoughts are with the suppliers who had them on terms.
Source: Reuters - 🏆 2. / 97 Read more »

Latam Airlines files for Chapter 11 bankruptcy protectionSouth American carrier Latam Airlines says it is seeking Chapter 11 bankruptcy protection as it grapples with the sharp downturn in air travel sparked by the coronavirus pandemic. The... Good job China. Хорошо
Source: AP - 🏆 728. / 51 Read more »

Hertz, JCPenney, JCrew join list of businesses filing bankruptcyIn the span of just 2 weeks, some of the best-known brands in America said they were entering Chapter 11 Bankruptcy and closing locations across the country. ☹️ This is the reason why it going to be hard to keep the unemployment rate from going higher companies are downsizing cause they don’t know that the future will hold as travel and retail cause nobody is shopping in malls cause of restrictions and people continue getting sick still Sandman_954 Isn’t chapter 11 for reorganization?
Source: NBCNews - 🏆 10. / 86 Read more »

Chile's Latam Airlines Group hires PJT Partners to restructure debt: reportChile's Latam Airlines Group SA has hired U.S. investment boutique PJT Partners to explore debt restructuring options that may include bankruptcy protection filings in three countries, Brazilian newspaper O Estado de S. Paulo reported late on Monday. There is no point 'restructuring debt'. Doesn't matter how they restructure it, it will never be paid. What they mean is 'find a way to save the stockholders and dump the problem on taxpayers somewhere'. Latam is from Chile? Always thought it is from Brazil. Hi,you need Virtual Assistant for Web Research and Data Entry Specialist? I am Expert in Data Entry. I have 5 years + experience. I am Professionally work in fiverr. Please visit my profile and order my gig.
Source: Reuters - 🏆 2. / 97 Read more »