LATAM Airlines Group
Latin American airline holding company
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LATAM Airlines Group S.A. is an airline holding company headquartered in Santiago, Chile. It is considered the largest airline in Latin America with subsidiaries in Argentina, Brazil, Colombia, Ecuador, Paraguay and Peru. The company filed for Chapter 11 bankruptcy in the United States on May 26, 2020 due to economic problems attributed to the impact of the COVID-19 pandemic on aviation.. Although LATAM Airlines' headquarters are located in Chile, the carrier is an American depositary receipt and traded on both the Santiago Stock Exchange and New York Stock Exchange at the time of bankruptcy. The company's stock ticker (LTMAQ) was unlisted from the NYSE, and was later moved to the non-regulated OTC markets on June 12, 2020.
LATAM becomes biggest airline victim of crisis
Credit: Reuters Studio Duration: 01:34Published
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LATAM Airlines says operations to plunge 50% by year´s endSANTIAGO — LATAM Airlines Chief Executive Roberto Alvo said on Thursday he expects the...
LATAM airline shares plunge 51% following bankruptcy announcementShares in LATAM Airlines Group SA plunged 51% on Santiago´s stock exchange after the region´s top carrier filed for U.S. bankruptcy protection on Tuesday.
LATAM becomes largest airline yet driven to bankruptcy by coronavirusChile's LATAM Airlines Group filed for U.S. bankruptcy protection on Tuesday, becoming the world's largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic.
Investment bank Moelis in talks to represent Latam bondholders in bankruptcy- sourceInvestment bank Moelis & Co is in talks with a group owning around $3 billion in bonds and loans owed by Latam Airlines Group SA to represent them in the company's bankruptcy, one source with knowledge..
LATAM Airlines Group files for US bankruptcy protectionLatin America's largest airline LATAM Airlines Group said today that the company and its affiliates in Chile, Peru, Colombia, Ecuador and the US have filed for Chapter 11 bankruptcy protection in the..
Also reported by •Reuters
Latin America's largest airline to cancel 90% of its international flightsLATAM Airlines Group, the continent's largest carrier, on Monday canceled 90% of its international flights as demand collapsed and countries shut down borders in light of the coronavirus outbreak,..
Azul cuts international flights, LATAM Airlines could take 'additional measures'Brazilian airline Azul said on Monday that it will cut all of its international flights out of its main hub in Sao Paulo state later on Monday because of the coronavirus outbreak, significantly..
LATAM Airlines cancels Sao Paulo-Milan flights due to coronavirusSouth America's largest carrier, LATAM Airlines Group , said on Monday it would cancel its daily flight from Sao Paulo to Milan, Italy, through April 16, citing the new coronavirus outbreak and weak..
Cuban-American sues American Airlines, Latam Airlines for 'trafficking' in Havana airportA Miami-based law firm filed a lawsuit on Wednesday on behalf of a Cuban-American who claims to be the rightful owner of Havana's international airport against American Airlines and the Latam Airlines..