Latin America’s largest Chilean-Brazilian airline LATAM files for bankruptcy

In this file photo taken on April 20, 2020 aircrafts of Latam airline sit on the tarmac at Santiago International Airport, in Santiago, during the new coronavirus, COVID-19, pandemic. -AFP pic. Sketched by the Pan Pacific Agency.

NEW YORK, May 26, 2020, AFP. Latin America’s largest airline LATAM filed for bankruptcy in the US on Tuesday, the company said in a statement, following a drastic slump in business caused by the Covid-19 coronavirus pandemic, New Straits Times reported.

“On May 26, 2020, LATAM Airlines Group filed to reorganise under Chapter 11 protection in the United States,” the statement said, adding that there would be no immediate impact on passenger or cargo flights.

Last month, the Chilean-Brazilian airline said it was scaling back its operations by 95 per cent in response to the global health crisis, which has hammered the world’s travel and tourism sectors.

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