Transportation
Latam Airlines Is Looking to Grow After Emerging From Bankruptcy
- CEO says top regional carrier now ‘open to opportunities’
- Plans include relisting US shares and refinancing dollar bonds
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Seventeen months after exiting bankruptcy proceedings, Santiago-based Latam Airlines Group SA is feeling confident enough with its finances to seek new transactions and declare itself “open to opportunities,” according to its top executive.
“The pandemic and the Chapter 11 process was very hard for Latam and for its shareholders that lost everything, but they allowed us to resurface as a group that is financially much stronger than before the pandemic,” Chief Executive Officer Roberto Alvo told Bloomberg News in Santiago. “And these days we have the financial capacity to jump on opportunities, grow and invest.”