We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Latam Airlines Grp. S.A. (delisted) | NYSE:LFL | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.47 | 0.00 | 01:00:00 |
Santiago, Chile, April 3, 2019- LATAM Airlines Brazil, an affiliate of LATAM Airlines Group S.A. (NYSE: LTM / IPSA: LTM), announces that it has been approached by Elliott Associates L.P., Elliott International L.P., and Manchester Securities Corporation (jointly "Elliott"), the largest debt holders of Oceanair Linhas Aéreas S.A. ("Oceanair") and AVB Holding S.A. (jointly "Avianca Brasil"), to participate in a restructuring proposal for said companies.
As part of the proposed restructuring, and subject to the satisfaction of certain conditions, LATAM Airlines Brazil has committed to provide Avianca Brasil directly and indirectly at least US$13 million of debtor-in-possession loans to finance, in part, working capital in support of the ongoing operations.
LATAM Airlines Brazil has agreed to bid for at least one independent productive unit ("IPU") [unidade produtiva isolada UPI] together with its respective assets (including but not limited to certain contracts, operating certificates, permits, and slots), of Elliot's restructuring proposal in upcoming auctions for a minimum amount of US$70 million. Any and all required governmental and antitrust approvals for the acquisition of the IPU shall be timely provided in anticipation of closing of any transaction in favor of LATAM Airlines Brazil. The closing date cannot be confirmed at this time.
1 Year LATAM Airlines Group S.A. Chart |
1 Month LATAM Airlines Group S.A. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions