LATAM Files for Bankruptcy

On May 26, 2020, LATAM and its affiliates in Chile, Peru, Colombia, Ecuador and the United States filed to carry out a voluntary reorganization and restructuring of its debt under the Chapter 11 financial reorganization process.

Delta to Buy 20% of LATAM for $1.9B in Surprise Deal

Delta to Buy 20% of LATAM for $1.9B in Surprise Deal Delta Air Lines announced a deal today to buy a 20% stake in LATAM Airlines Group for $1.9 billion, creating a major new airline partnership. The investment also shakes up the Chilean carrier’s longtime ties with American Airlines. The surprise deal is the largest…