We are looking ahead to a post-COVID future, focused on adapting to a new way of flying, with the health and safety of passengers and employees as paramount.
– Roberto Alvo, CEO, LATAM Airlines Group
On March 21, 2022, the court approved the adequacy of the Chapter 11 Disclosure Statement for LATAM Airlines Group S.A. and its affiliates (“LATAM”), enabling the group to commence solicitation of votes through May 2, 2022, during which it will seek approval of the Plan from creditors who are eligible to vote. The decision comes after LATAM first filed its Plan of Reorganization on November 26, 2021 (as revised, the “Plan”).
The Plan is a critical milestone in LATAM’s journey to a stronger financial future, reflecting the path forward for the group to exit Chapter 11 and implement the Plan, with meaningful consideration to all stakeholders. Further details regarding the Plan are set forth in the Disclosure Statement.
All eligible voting parties can expect to receive the Plan and Disclosure Statement in a solicitation package, which LATAM urges voting parties to carefully consider. The Court has set the Confirmation Hearing to take place on May 17 and 18, 2022.
In addition to this dedicated website, stakeholders can find detailed information about this announcement and access the Plan at https://cases.primeclerk.com/LATAM/. The group has also established a hotline for Chapter 11-related inquiries, which can be accessed at:
- (929) 955-3449 or (877) 606-3609 (U.S. and Canada)
- 800 914 246 (Chile)
0800 591 1542 (Brazil)
- 01-800-5189225 (Colombia)
- (0800) 78528 (Peru)
- 1800 001 130 (Ecuador)
- 0800-345-4865 (Argentina)
It also has a dedicated email for inquiries related to the reorganization at [email protected].
Lorena Ampuero, External Communications Manager, LATAM Airlines Group
Rachel Chesley / Ana Heeren, FTI Consulting
Tori Creighton, Head of Investor Relations LATAM Airlines Group