LATAM Makes Progress with the Court and Can Begin Solicitation Process
Source: LATAM LATAM Airlines Group S.A. and its affiliates in Brazil, Chile, Colombia, Ecuador, Peru, and the United States made important progress today in its Chapter 11 proceeding in the United States, after the Court approved the adequacy of the Chapter 11 Disclosure Statement for LATAM. This resolution establishes that the documentation provided by LATAM in the process is sufficient to allow the group to commence solicitation of votes, during which it will seek approval of the Plan from creditors. The decision comes after LATAM first filed its Plan of Reorganization on November 26, 2021 (the “Plan”). In this way, it is expected that in the coming weeks LATAM will begin the process of requesting votes regarding the Reorganization Plan [...]