Latam Airlines Spars With Creditors Over Cancellation of Delta and Qatar Aircraft Deals

Desperate for cash as global air travel ground to a halt in the early days of the coronavirus pandemic, Latam Airlines Group reached out to two of its largest shareholders, Delta Air Lines and Qatar Airways, in an effort to raise liquidity. The result was the termination of two deals for Airbus A350 jets in exchange for cash in the days leading up to Latam's U.S. Chapter 11 bankruptcy filing.

At least that's the narrative presented by Chile-based Latam in a growing disagreement with the unsecured creditors committee in its Chapter 11 proceedings. The committee alleges that, rather than helping Latam, Delta and Qatar deliberately took advantage of the ailing carrier to cut their own costs and exit deals for aircraft they no longer needed a