LATAM Airlines Group S.A.
Case No. 20-11254
Plan and Disclosure Statement
On March 21, 2022, the court approved the adequacy of the Chapter 11 Disclosure Statement for LATAM Airlines Group S.A. and its affiliates (“LATAM”), enabling the group to commence solicitation of votes through May 2, 2022, during which it will seek approval of the Plan from creditors eligible to vote. The decision comes after LATAM filed its Plan of Reorganization on November 26, 2021 (as revised, the “Plan”).
The Plan is a critical milestone in LATAM’s journey to a stronger financial future, reflecting the path forward for the group to exit Chapter 11 and implement the Plan, with meaningful consideration to all stakeholders. Further details regarding the Plan are set forth in the Disclosure Statement.
All eligible voting parties can expect to receive the Plan and Disclosure Statement in a solicitation package, which LATAM urges voting parties to carefully consider. Please note the Spanish versions of the Plan and Disclosure Statement are translations. In the event of a conflict between the translation and the original English-language versions, the English-language versions control. The Court has set the Confirmation Hearing to take place on May 17 and 18, 2022.
Dates
Supplemental Bar Date Notice
On December 17, 2020, the Court extended the claims bar date for certain parties to file claims in these cases. To determine whether you are a person or entity whose deadline to file claims has been extended, please click here to review the list of parties whose deadline to file claims has been extended.
El 17 de diciembre de 2020, el Tribunal extendió la fecha límite para que ciertas partes presenten reclamaciones en estos casos. Si desea determinar si es una persona o entidad cuya fecha límite para presentar reclamaciones se ha extendido, haga clic aquí para revisar la lista de partes cuya fecha límite para presentar reclamaciones se ha extendido.
No dia 17 de dezembro de 2020, o Tribunal prorrogou o prazo de reivindicação de créditos para certas partes habilitarem créditos nestas ações. Para verificar se é uma pessoa ou entidade cujo prazo para habilitar créditos foi prorrogado, clique aqui para consultar a lista das partes cujo prazo para habilitar créditos tenha sido prorrogado.
Case Background
On May 26, 2020, LATAM Airlines Group S.A. and 28 affiliated debtors (collectively, the "Initial Debtors") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the “Court”). Thereafter, on July 7 and 9, 2020, an additional 9 affiliated debtors (collectively, the “Subsequent Debtors”) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the Court. The cases are pending before the Honorable Judge James L. Garrity Jr., and are jointly administered under Case No. 20-11254.
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No dia 26 de maio de 2020, a LATAM Airlines Group S.A. e 28 devedoras afiliadas (coletivamente denominadas as "Devedoras Iniciais") individualmente protocolaram um pedido voluntário de tutela nos termos do Capítulo 11 do Código de Falência dos Estados Unidos junto ao Tribunal de Falências dos Estados Unidos para o Distrito Sul de Nova York (o “Tribunal”). Posteriormente, nos dias 7 e 9 de julho de 2020, outras 9 devedoras afiliadas (coletivamente, as “Devedoras Subsequentes”) apresentaram petições voluntárias de tutela nos termos do Capítulo 11 do Código de Falências dos Estados Unidos ao Tribunal. Os processos estão pendentes perante o MM. Juiz James L. Garrity Jr., sob administração conjunta no Processo N° 20-11254.
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El 26 de mayo de 2020, LATAM Airlines Group S.A. y 28 deudores afiliados (en conjunto, los "Deudores Iniciales") presentaron individualmente una solicitud de quiebra voluntaria ante el Tribunal de Quiebras de los Estados Unidos para el Distrito Sur de Nueva York (el "Tribunal") conforme al Capítulo 11 del Código de Quiebra de los Estados Unidos. Posteriormente, el 7 y 9 de julio de 2020, 9 deudores afiliados adicionales (colectivamente, los "Deudores Subsiguientes") presentaron solicitudes de quiebra voluntarias ante el Tribunal conforme al Capítulo 11 del Código de Quiebra de los Estados Unidos. Los casos están pendientes de resolución ante el Honorable Juez James L. Garrity Jr. y se administran de manera conjunta bajo el número de caso 20-11254.
First and Second Day Hearing
Plan & Disclosure Statement
On November 26, 2021, the Debtors filed their Plan of Reorganization and the Disclosure Statement related thereto. The Bankruptcy Court will hold a hearing to consider approval of the Disclosure Statement on January 27, 2022 at 11:00 a.m. (ET). Please click the link below to view and download the Plan and Disclosure Statement.
El 26 de noviembre de 2021, los Deudores presentaron su Plan de reorganización y la Declaración de Divulgación pertinente. El Tribunal de Quiebras llevará a cabo una audiencia para considerar la aprobación de la Declaración de Divulgación el 27 de enero de 2022 a la 11:00 a. m. (hora del este).
No dia 26 de novembro de 2021, as Devedoras apresentaram o seu Plano de Reorganização e a correlata Declaração de Divulgação. O Tribunal de Falências realizará uma audiência para considerar a aprovação da Declaração de Divulgação no dia 27 de janeiro de 2022 às 11h00 (horário da costa leste dos EUA). Clique no link abaixo para visualizar e descarregar o Plano e a Declaração de Divulgação.
Subsequent Debtors' First and Second Day Hearings
A hearing on the Subsequent Debtors’ First Day Motions was held on July 15, 2020 at 2:00 p.m. (EST) before the Honorable Judge Garrity, United States Bankruptcy Court for the Southern District of New York, via telephone. A hearing on the Subsequent Debtors’ Second Day Motions was held on August 19, 2020 at 11:00 a.m. (EST) before the Honorable Judge Garrity, United States Bankruptcy Court for the Southern District of New York, via telephone. Please click below to view and download the Subsequent Debtors' First and Second Day documents:
Subsequent Debtors' First Day Documents
Subsequent Debtors' First Day Documents
Second Day Hearing
A hearing on the Debtors' Second Day Motions was held on June 23, 2020 at 11:00 a.m. (EST) before the Honorable Judge Garrity, United States Bankruptcy Court for the Southern District of New York, via telephone. Please click below to view and download the Debtors' Second Day Motions:
Audiência do segundo dia
Uma audiência para considerar as Petições do Segundo Dia das Devedoras foi realizada no dia 23 de junho de 2020 às 11h00 (GMT-4) perante o MM. Juiz Garrity do Tribunal de Falências dos Estados Unidos para o Distrito Sul de Nova York, por telefone. Clicar abaixo para visualizar e baixar as Petições das Devedoras e os Mandados do Segundo Dia:
Audiencia del segundo día
El 23 de junio de 2020 a las 11:00 a. m. (hora del Este), se llevó a cabo una audiencia telefónica respecto de las Mociones del Segundo Día de los Deudores ante el Honorable Juez Garrity del Tribunal de Quiebra de los Estados Unidos para el Distrito Sur de Nueva York. Haga clic a continuación para ver y descargar las Mociones y Órdenes del Segundo Día de los Deudores:
First Day Hearing
A hearing on the Debtors' First Day Motions was held on May 28, 2020 at 11:00 a.m. (EST) before the Honorable Judge Garrity, United States Bankruptcy Court for the Southern District of New York, via telephone. Please click below to view and download the Debtors' First Day Motions:
Audiência do Primeiro Dia
Uma audiência para considerar as Petições do Primeiro Dia das Devedoras foi realizada no dia 28 de maio de 2020 às 11h00 (GMT-4) perante o MM. Juiz Garrity do Tribunal de Falências dos Estados Unidos para o Distrito Sul de Nova York, por telefone. Clicar abaixo para visualizar e baixar as Petições das Devedoras e os Mandados do Primeiro Dia:
Audiencia del Primer Día
El 28 de mayo de 2020 a las 11:00 a. m. (hora del Este), se llevó a cabo una audiencia telefónica respecto de las Mociones del Primer Día de los Deudores ante el Honorable Juez Garrity del Tribunal de Quiebra de los Estados Unidos para el Distrito Sur de Nueva York. Haga clic a continuación para ver y descargar las Mociones y Órdenes del Primer Día de los Deudores:
Parties
Debtors' Counsel
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Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, NY 10006
https://www.clearygottlieb.com/
Phone: 212.225.2000
Fax: 212.225.3999
Richard J. Cooper
Lisa M. Schweitzer
Luke A. Barefoot
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Togut, Segal & Segal LLP
One Penn Plaza, Suite 3335
New York, NY 10119
https://www.togutlawfirm.com
Phone: 212.594.5000
Fax: 212.967.4258
Albert Togut
Kyle J. Ortiz
Debtors' Restructuring Advisors
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FTI Consulting
TD South Tower, 79 Wellington Street West
Toronto Dominion Centre, Suite 2010
Toronto, ON, Canada M5K 1G8
https://www.fticonsulting.com/
Phone: 416.649.8100
Fax: 416.649.8101
Brock Edgar
United States Trustee and Court Information
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United States Bankruptcy Court
Southern District of New York
One Bowling Green
New York, NY 10004-1408
http://www.nysb.uscourts.gov/
Phone: 212.668.2870
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Office of the United States Trustee
U.S. Federal Office Building
201 Varick Street, Suite 1006
New York, NY 10014
http://www.usdoj.gov/ust/r02
Phone: 212.510.0500
Committee of Unsecured Creditors' Professionals
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Dechert LLP
1095 Avenue of the Americas
New York, NY 10036
https://www.dechert.com/
Phone: 212.698.3500
Fax: 212.698.3599
Allan S. Brilliant
Craig P. Druehl
David A. Herman
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Klestadt Winters Jureller Southard & Stevens, LLP
200 West 41st Street
17th Floor
New York, NY 10036
http://klestadt.com/
Phone: 212.972.3000
Fax: 212.972.2245
Tracy L. Klestadt
Brendan M. Scott
Lauren C. Kiss
Debtors
| Case Number | Debtor Name | Petition Date |
|---|---|---|
| Case Number 20-11254 | Debtor Name LATAM Airlines Group S.A. | Petition Date May 26, 2020 |
| Case Number 20-11259 | Debtor Name Lan Cargo S.A. | Petition Date May 26, 2020 |
| Case Number 20-11255 | Debtor Name Transporte Aereo S.A. | Petition Date May 26, 2020 |
| Case Number 20-11261 | Debtor Name Inversiones Lan S.A. | Petition Date May 26, 2020 |
| Case Number 20-11262 | Debtor Name Technical Training LATAM S.A. | Petition Date May 26, 2020 |
| Case Number 20-11263 | Debtor Name LATAM Travel Chile II S.A. | Petition Date May 26, 2020 |
| Case Number 20-11264 | Debtor Name Lan Pax Group S.A. | Petition Date May 26, 2020 |
| Case Number 20-11265 | Debtor Name Fast Air Almacenes de Carga S.A. | Petition Date May 26, 2020 |
| Case Number 20-11260 | Debtor Name Linea Aerea Carguera de Colombia SA | Petition Date May 26, 2020 |
| Case Number 20-11256 | Debtor Name Aerovias de Integracion Regional S.A. (Aires S.A.) | Petition Date May 26, 2020 |
| Case Number 20-11266 | Debtor Name LATAM Finance LTD | Petition Date May 26, 2020 |
| Case Number 20-11257 | Debtor Name LATAM Airlines Ecuador S.A. | Petition Date May 26, 2020 |
| Case Number 20-11268 | Debtor Name Professional Airline Cargo Services, LLC | Petition Date May 26, 2020 |
| Case Number 20-11269 | Debtor Name Cargo Handling Airport Services, LLC | Petition Date May 26, 2020 |
| Case Number 20-11270 | Debtor Name Maintenance Service Experts, LLC | Petition Date May 26, 2020 |
| Case Number 20-11271 | Debtor Name Lan Cargo Repair Station LLC | Petition Date May 26, 2020 |
| Case Number 20-11272 | Debtor Name Prime Airport Services Inc. | Petition Date May 26, 2020 |
| Case Number 20-11273 | Debtor Name Professional Airline Maintenance Services, LLC | Petition Date May 26, 2020 |
| Case Number 20-11274 | Debtor Name Connecta Corporation | Petition Date May 26, 2020 |
| Case Number 20-11267 | Debtor Name Peuco Finance Ltd. | Petition Date May 26, 2020 |
| Case Number 20-11258 | Debtor Name Latam Airlines Peru S.A. | Petition Date May 26, 2020 |
| Case Number 20-11275 | Debtor Name Inversiones Aereas S.A. | Petition Date May 26, 2020 |
| Case Number 20-11276 | Debtor Name Holdco Colombia II SpA | Petition Date May 26, 2020 |
| Case Number 20-11277 | Debtor Name Holdco Colombia I SpA | Petition Date May 26, 2020 |
| Case Number 20-11278 | Debtor Name Holdco Ecuador S.A. | Petition Date May 26, 2020 |
| Case Number 20-11279 | Debtor Name Lan Cargo Inversiones S.A. | Petition Date May 26, 2020 |
| Case Number 20-11280 | Debtor Name Lan Cargo Overseas Ltd | Petition Date May 26, 2020 |
| Case Number 20-11281 | Debtor Name Mas Investment Ltd. | Petition Date May 26, 2020 |
| Case Number 20-11282 | Debtor Name Professional Airline Services Inc. | Petition Date May 26, 2020 |
| Case Number 20-11597 | Debtor Name TAM S.A. | Petition Date July 09, 2020 |
| Case Number 20-11598 | Debtor Name TAM Linhas Aereas S.A. | Petition Date July 09, 2020 |
| Case Number 20-11603 | Debtor Name Aerolinhas Brasileiras S.A. | Petition Date July 09, 2020 |
| Case Number 20-11600 | Debtor Name Prismah Fidelidade Ltda. | Petition Date July 09, 2020 |
| Case Number 20-11601 | Debtor Name Fidelidade Viagens e Turismo S.A. | Petition Date July 09, 2020 |
| Case Number 20-11602 | Debtor Name TP Franchising Ltda. | Petition Date July 09, 2020 |
| Case Number 20-11604 | Debtor Name Holdco I S.A. | Petition Date July 09, 2020 |
| Case Number 20-11599 | Debtor Name Multiplus Corredora de Seguros Ltda. | Petition Date July 09, 2020 |
| Case Number 20-11587 | Debtor Name Piquero Leasing Limited | Petition Date July 07, 2020 |