Today, the Court of the Southern District of New York’s judge approved the request for the extension of the exclusivity period to present LATAM’s Reorganization Plan until Oct. 15. As previously reported, this request, submitted on Sept. 9, is an alternative contemplated within the process.
It should be recalled that LATAM Airlines Group and its affiliates in Chile, Colombia, Ecuador, USA, Peru and Brazil, voluntarily made use of Chapter 11 in May 2020, after the serious consequences of the COVID-19 pandemic. Through this process, affiliates will be able to resize their operations and adapt them to new demand and reorganize their financial balance, allowing them to reemerge as more agile, efficient and sustainable businesses for a post-pandemic stage.
CHAMP supports fully remote implementation, as well as training process via CHAMP AcademyView Article
(Bloomberg) -- Avianca Holdings SA will ask a judge to approve a bankruptcy plan that the airline says will eliminate about $3 billion in debt and preserve over 10,000 jobs.View Article
London Heathrow airport, gearing up to add hundreds of staff to handle a long-awaited rebound in travel, is seeing some of its existing workers poached by Amazon.com Inc.View Article
Hong Kong Air Cargo Terminals Limited (Hactl) and its value-added logistics subsidiary, Hong Kong Air Cargo Industry Services Limited (Hacis), have both scored at this year’s Asian Freight, Logistics and…View Article
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