DALLAS – Latin America’s largest airline, LATAM (LA) has high hopes of exiting Chapter 11 in the fourth quarter of 2022 after securing requisite financing and gaining approval from the US bankruptcy court and shareholders for its restructuring plan.
The group’s Chief Executive Officer, Roberto Alvo, said, “We have closed the second quarter with significant progress in our reorganization process under Chapter 11, and we hope to emerge from it during the last quarter of this year.”
The CEO warned that although the group had made advances in its operational recovery, it continued to remain “cautiously optimistic about the coming months, read more ⇒
Source:: “Airways Magazine”