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Latam set to exit bankruptcy
Friday, 18 Oct, 2022
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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.
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