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Latam set to exit bankruptcy

•Tuesday, 18 October 2022•3 min read

Latam set to exit bankruptcy

LATAM Airlines says it will officially exit from bankruptcy next month

Latin America’s largest carrier has spent most of the pandemic era in Chapter 11 bankruptcy protection.

It won court approval for bankruptcy protection in June 2020.

The company said it will emerge with a ‘more competitive cost structure’ with about $10.3 billion in equity and about $6.9 billion in debt.