Latam Airlines and COVID-19: Seeking Bankruptcy Protection in the United States

By: and and and

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Synopsis
On May 26, 2020, Latam Airlines became the largest airline in the world to be driven to bankruptcy by COVID-19. With a complex debt structure and international investor composition, the company decided to file for bankruptcy protection in the United States, which offered a more flexible reorganization procedure than the local bankruptcy process. After the filing announcement, the company reached an all-time-low stock market valuation. Some experts questioned whether the bankruptcy filing of Latam Airlines in the United States could be detrimental for the development of the Chilean capital market. Even if the company succeeded financially, would it be able to adapt to a different way of flying post-COVID?
Copyright:
2020

Book Details

Book Quality:
Publisher Quality
Publisher:
Harvard Business Publishing
Date of Addition:
Copyrighted By:
HBS
Adult content:
No
Language:
English
Has Image Descriptions:
No
Categories:
Nonfiction, Business and Finance
Submitted By:
Bookshare Staff
Usage Restrictions:
This is a copyrighted book.

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