Reading Time: < 1 minute Aeromexico has become the latest Latin American airline to face huge financial problems amid the crisis provoked by the coronavirus pandemic and begin restructuring under the Chapter 11 process. In order to secure future and emerge as a stronger player, the airline announced that it is utilizing the Chapter 11 process, which allows companies to […]

Reading Time: < 1 minute Yet another major airline files for bankruptcy over collapse in demand and difficulties in financial survival: LATAM Airlines Group, the biggest airline in Latin America, has filed for Chapter 11 bankruptcy. The airline said in a statement that the process will not affect its operations, employees and cargo flights. “We are looking ahead to a […]