News / 'Revitalised' Latin American air cargo carriers head for Chapter 11 exit

The three largest air cargo carriers from Latin America are preparing to end their time in bankruptcy protection.

After LATAM, the region’s biggest player, filed its restructuring plan last Friday, the parent of Aeromexico submitted its revamped reorganisation proposal five days later.

Meanwhile, Avianca had announced that a US bankruptcy court had accepted its reorganisation plan, which will see the company domiciled in the United Kingdom.

According to Aeromexico, its revised proposal has the support of strategic partner Delta Air Lines and a ...