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Latam risks default
It will negotiate with creditors 5.4 billion restructuring plan
Chilean carrier Latam Airlines risks default due to a monstrous 5.4 billion dollars debt. In order to restructure the liabilities, the South American company, whose shareholders include Delta Air Lines and Qatar Airways, resorted to the US court in Manhattam, which sent the restructuring plan back to creditors for consideration in recent hours.The US judges granted Latma the protection of Chapter 11...
AVIONEWS - World Aeronautical Press Agency