US bankruptcy judge rejects LATAM Airlines proposed US$2.4b financing deal | Malay Mail

📆 9/11/2020 7:58 AM
📰 malaymail

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SAO PAULO, Sept 11 ― A US bankruptcy judge yesterday rejected a US$2.4 billion (RM10 billion) financing plan for struggling LATAM Airlines on the grounds that a convertible loan included as part of the package would amount to “improper” treatment of other shareholders. The move is a setback...

Friday, 11 Sep 2020 07:05 AM MYT

SAO PAULO, Sept 11 ― A US bankruptcy judge yesterday rejected a US$2.4 billion financing plan for struggling LATAM Airlines on the grounds that a convertible loan included as part of the package would amount to “improper” treatment of other shareholders.

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