RIO DE JANEIRO, BRAZIL - The LATAM Group has for the 4th time asked the Court of the Southern District of New York for more time to present its restructuring plan to creditors.
The new request is for the submission to be made by October 15, with a limit for approval until December 15, 2021. "The requested extensions will promote the development of a restructuring plan that satisfies LATAM's exit capital and financing needs and assists in negotiations with the several Chapter 11 stakeholders," the company said in a statement.
LATAM Brasil's CEO Jerome Cadier pointed out last week . . .
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