Latam this week requested the US Bankruptcy Court for the Southern District of New York an extension of the deadline to lodge its restructuring plan until 26 November. The request supports the continuity of the advances in negotiations with the different parts interested in the Chapter 11 process argued the Chilean group in its presentation.
The Latam group airlines group reported that the Federal Court from the southern district of New York approved the extension of its restructuring plan to September 15, as part of the bankruptcy protection process initiated last year.
The Uruguayan plant of the Japanese airbag manufacturer Takata, which has filed for bankruptcy protection in the United States and Japan, will continue to operate normally, Takata Uruguay plant manager José Enrique Alonso explained.
American Airlines and its parent company AMR Corp filed for bankruptcy on Tuesday after failing to win a labour deal with pilots and suffering from mounting fuel costs.