LATAM Airlines receives several financing offers to exit bankruptcy -filing

LATAM Airlines said Thursday it has received several offers to fund its exit from Chapter 11 bankruptcy, each of which are worth more than $5b. LATAM received the offers from creditors and shareholders, according to a filing with the US Bankruptcy Court in New York City. The Santiago, Chile-based company did not reveal the number of offers received or from whom they came, but Delta is LATAM’s largest shareholder. Other shareholders include Qatar Airways, with a 10% stake. LATAM, which also operates in Brazil, Colombia, Ecuador and Peru as well as having operations through Latin America, Europe, the United States and the Caribbean, only said in the filing the offers came from “its most significant claimholders and its majority shareholders.” It said negotiations for financing are ongoing.<br/>