( Reuters) – Latin America’s largest airline company LATAM Airlines Group SA ( LTM.SN) said on Tuesday the business and its affiliates in Chile, Peru, Colombia, Ecuador and the U.S. have filed for Chapter 11 bankruptcy security in the United States.
FILE PHOTO: The logo design of LATAM Airlines is envisioned on an Airplane aircraft in Colomiers near Toulouse, France, November 6,2018 REUTERS/Regis Duvignau
LATAM is the current corporate victim of the coronavirus pandemic that has brought a virtual stop to flight, joining Colombia’s Avianca Holdings SA AVT_p. CN and Australia’s Virgin Australia Holdings Ltd ( VAH.AX) in bankruptcy security as it seeks to reorganize its financial obligation.
” We have actually carried out a series of hard procedures to mitigate the impact of this extraordinary industry interruption, b