Latin America’s Largest Airline Plans Return to US Capital Markets After Restructuring
- Latin America’s largest carrier to seek re-listing of ADRs
- Carrier plans to add more than three dozen new routes in 2023
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Latin America’s largest airline is planning a return to US capital markets after cutting nearly $4 billion of debt during a years-long restructuring.
Latam Airlines Group SA will seek to re-list its American depositary receipts on the New York Stock Exchange this year after they were suspended during the bankruptcy, Chief Financial Officer Ramiro Alfonsín said in a video interview. It also expects to return to international bond markets next year, he said.