Latam scaled back operations by 95% in response to the health crisis last month. FMTNews
NEW YORK: Latin America’s largest airline Latam filed for bankruptcy in the US on Tuesday, the company said in a statement, following a drastic slump in business caused by the coronavirus pandemic.
“Latam Airlines Group and its affiliates in Chile, Peru, Ecuador and Colombia entered into a voluntary reorganisation under Chapter 11 protection in the US,” he added. It came just two weeks after Latin America’s second largest airline, Colombia’s Avianca, also filed for bankruptcy in the US to reorganise its debt “due to the unpredictable impact” of the pandemic.
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