May 10, 2022 |
LATAM Airlines said a majority of creditors voted in favor of its debt restructuring plan, allowing it to proceed to the final stage of the process to exit Chapter 11 bankruptcy.
The Chilean airline said the plan received support from 65% of voting creditors affected, including 82% of those holding dollar-denominated debt, according to a statement.
LATAM said it has worked hard to resolve any concerns regarding the restructuring plan, which it considers equitable and takes all parties into accou
Chilean airline says 65% of lenders have voted to approve the plan