In The News Posted September 11, 2020 Share Posted September 11, 2020 MIAMI – Despite LATAM Airlines Group’s (LA) restructuring efforts, a US bankruptcy judge has rejected the airline’s proposed US$2.4bn financing plan. According to Reuters, the court’s explanation was that a convertible loan would amount to the “improper” treatment of other shareholders. Precisely, LA’s proposal included a US$900m convertible loan from the carrier’s shareholders besides a US$1.3bn […] The post US Judge Rejects LATAM’s US$2.4bn Bailout appeared first on Airways Magazine. View the full article Link to comment Share on other sites More sharing options...
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