RIO DE JANEIRO, BRAZIL - As expected, Latam Airlines shares crashed on the Santiago Stock Exchange. The airline's shares plunged 83.9% in the first morning transactions, to finally end with a drop of 45.4% to US$512 per share.
The origin of the plunge lies the reorganization plan filed under Chapter 11 of the U.S. Bankruptcy Law, which the company made on Friday before the Bankruptcy Court of the Southern District of New York.
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