A bankruptcy judge approved a Chapter 11 exit plan for LATAM Airlines Group SA, which injects $5.44 billion of new capital into the Chilean business, taking it closer to ending its pandemic-driven restructuring after two years Is.
Judge James Garrity of the U.S. Bankruptcy Court for the Southern District of New York said the Chapter 11 plan resulted in “good faith, hands-on negotiations” between LATAM and its stakeholders and the best available route to resolve its bankruptcy case. provides.