LATAM, files for Chapter 11

Issued on 27 May 20

LATAM Airlines Group, the largest carrier in Latin America, filed for Chapter 11 bankruptcy on Tuesday, according to a statement released on its website. Reservations, employee pay, flight vouchers as well as passenger and cargo operations will not be affected, according to the statement. The voluntary reorganization will include LATAM's affiliates in Chile, Peru, Colombia, Ecuador and the United States.

This is the second major airlines in the region to file for bankruptcy in the month of May. Colombia-based Avianca filed for bankruptcy in the US Southern District of New York after facing coronavirus-related financial problems.


Before the outbreak, South American Airlines flew 145 destinations in 26 countries around the world and operated about 1,400 flights daily. Global air traffic has almost stopped due to the epidemic. South American Airlines is the latest victim. Both Colombian Airlines (Avianca) and Virgin Australia have applied for bankruptcy protection in an attempt to restructure their debts.


In Germany, the government decided on Monday to spend 9 billion euros to rescue Lufthansa, the largest corporate bail-out case in Germany since the outbreak, with the aim of retaining tens of thousands of jobs. According to the agreement, the government will acquire 20% equity. However, this move still requires the approval of the European Commission and the consent of Lufthansa shareholders.


拉美航空公司集团是拉丁美洲最大的航空公司,根据其网站上发布的声明,该公司已于本周二申请第11章破产保护。声明说,预订,员工工资,机票凭证以及旅客和货运业务均不会受到影响。自愿重组将包括拉美在智利,秘鲁,哥伦比亚,厄瓜多尔和美国的分支机构。


这是5月份该地区第二家申请破产的大型航空公司。哥伦比亚的阿维安卡(Avianca)面临与冠状病毒相关的财务问题后,在纽约美国南区申请破产。 疫情爆发前,南美航空共飞往世界26个国家/地区的145个目的地,每天运营约1,400班次。由于这一流行,全球空中交通几乎停止了。南美航空公司是最新的受害者。哥伦比亚航空公司(Avianca)和维珍澳大利亚航空均已申请破产保护,以试图重组其债务。


在德国,德国政府周一决定斥资90亿欧元救助汉莎航空公司,这是自疫情爆发以来德国最大的企业纾困案,目的是保留数万个工作岗位。根据协议,政府将获得20%的股权。但是,此举仍需获得欧盟委员会的批准以及汉莎航空股东的同意。


在疫情爆发前,南美航空飞行全球二十六个国家一百四十五个目的地,每天营运约一千四百架航班。全球空中交通因为疫情几乎停摆,南美航空是最新一个受害者,哥伦比亚航班(Avianca)和维珍澳洲航空(Virgin Australia)都已申请破产保护,试图进行债务重整。

在德国,政府周一决定斥资九十亿欧罗罗救救汉莎航空(Lufthansa),是疫情爆发以来,德国最大规模的企业救济困案,目的是保住数以万计工作职位。按照协议,政府将取得两成股权。不过,此举仍须获得欧盟委员会批准与汉莎股东同意。

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