LATAM group completes restructuring and emerges with solid financial position and most extensive network in South America The group emerges with over US$2.2 billion of liquidity and approximately US$3.6 billion less debt as compared to pre-filing period. Santiago, Chile, Nov. 03, 2022 (GLOBE NEWSWIRE) -- LATAM group, the leading airline group in Latin America, announced today that it successfully completed its financial restructuring process in the United States, which it voluntarily commenced in May 2020 to reduce its debt, access new sources of financing, and transform its business in...
LATAM Receives US Court and Shareholder Approval on Plan of Reorganization, Secures Exit Financing and Moves Forward With Plan Implementation Requirements Santiago, Chile, Aug. 09, 2022 (GLOBE NEWSWIRE) -- LATAM Group announced today its consolidated financial results for the second quarter of the year, which reflect a gradual recovery of the operation, reaching a consolidated capacity (measured in ASK) of 72.6% compared to 2019 levels, which in turn represents more than double the capacity of the same quarter of 2021, growing by 135.2%. This recovery of capacity is mainly explained by th...
U.S. Court approves LATAM's Reorganization Plan Santiago, Chile, June 18, 2022 (GLOBE NEWSWIRE) -- LATAM Airlines Group and its subsidiaries in Brazil, Chile, Colombia, Ecuador, Peru and the United States announced that the U.S. Bankruptcy Court for the Southern District of New York approved the group's Plan of Reorganization filed by LATAM in the context of its Chapter 11 reorganization proceeding. Backed by nearly all of LATAM's creditors, the Plan is the result of months of negotiations among major stakeholders, which included an extensive mediation period. The Plan complies with U.S. ...
LATAM Airlines Group Files Plan of Reorganization with Support of Key Stakeholders Plan would infuse up to approximately $8.19 billion in new funds into the group through a mix of equity, convertible notes, and debt while complying with both U.S. and Chilean law Santiago, Chile, Nov. 26, 2021 (GLOBE NEWSWIRE) -- LATAM Airlines Group S.A. (“LATAM”) (SSE: LTM) and its affiliates in Brazil, Chile, Colombia, Ecuador, Peru, and the United States today announced the filing of a Plan of Reorganization (the “Plan”), which reflects the path forward for the group to exit Chapter 11 in compliance ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
LATAM Airlines Group Announces Filing of 2019 Annual Report on Form 20-F Santiago, Chile, March 18, 2020 (GLOBE NEWSWIRE) -- LATAM Airlines Group S.A. and its affiliates, (“LATAM Airlines Group” or “the Company”) (NYSE: LTM / IPSA: LTM), the leading airline group in Latin America, today announced today that the Company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 (the "2019 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2019 Annual Report can be accessed by visiting either the SEC's website at or the Company's we...
Delta and LATAM Airlines to form the leading airline partnership throughout the Americas Santiago, Chile, Sept. 26, 2019 (GLOBE NEWSWIRE) -- Partnership brings together the leading airlines in North America and Latin America, connecting the Americas to the world as never beforeTogether, Delta and LATAM will hold the leading position in five of the top six Latin American markets from the U.S.Together, the partners will serve 435 destinations worldwide and carry more passengers between North America and Latin America than any other partnership Customers will benefit from significantly expan...
LATAM Airlines Group reports consolidated operating income of US$40.2 million for second quarter 2019, totaling US$122.3 million for first half 2019 Santiago, Chile, Aug. 13, 2019 (GLOBE NEWSWIRE) -- LATAM Airlines Group S.A. and its subsidiaries, (“LATAM Airlines Group” or “the Company”) (NYSE: LTM / IPSA: LTM), the leading airline group in Latin America, announces the release of its financial results for the second quarter of 2019. The release will be available on the Company’s website The Company will hold a conference call to discuss the second quarter 2019 financial results on Aug...
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