LATAM Airlines Group restructuring

Overview:

• LATAM Airlines Group is undertaking a corporate and financial restructuring having filed for Chapter 11 protection in the US as it struggles to contend with the financial impact of the pandemic. 
• The largest airline in the region, the company is based in Chile and has subsidiaries in Argentina, Brazil, Colombia, Ecuador, Paraguay and Peru.
• The COVID-19 pandemic, which has severely restricted travel, has had a significant economic impact on the aviation industry.

Ben Naylor - Editor