775566243Tribunal de EEUU aprueba plan financiero de LATAM para enfrentar crisis por la pandemia

The US Bankruptcy Court approved a $2.45 billion financing proposal for TAM Airlines, the largest airline in Latin America, to help it overcome the COVID-19 crisis. The proposal replaced a previous plan rejected due to debt convertibility issues. TAM Airlines increased financing by $450 million with new investors. The approval is part of a Chapter 11 process initiated in May, allowing the company to restructure without creditor pressure. The pandemic caused a 75.9% revenue drop and significant layoffs. Despite closing its Argentina branch, TAM is gradually restoring international operations and increasing internal flows in South America.

What was the main reason the initial financing plan for TAM Airlines was rejected by the U.S. Bankruptcy Court?

• It was submitted after the deadline.

• It lacked support from major shareholders.

• It was not enough to cover the airline's debts.

• It included a debt-to-equity conversion option.

What legal process did TAM Airlines initiate to restructure its debts?

• Chapter 7 Bankruptcy

• Chapter 11 Bankruptcy

• Debt Consolidation

• Voluntary Liquidation

What percentage did TAM Airlines' revenue drop in the second quarter of 2020?

• 80%

• 75.9%

• 60%

• 50%

How many employees did TAM Airlines lay off due to the crisis?

• 10,000

• 12,600

• 20,000

• 15,000

Which country's operations did TAM Airlines close in June?

• Chile

• Peru

• Brazil

• Argentina