About: http://data.cimple.eu/news-article/dc80f67080ac473ce8e76e596f90ee590c4eb5618a25b369c3e45a57

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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	LATAM Airlines said it had won approval Friday for a $2.45 billion bankruptcy loan package to help it emerge from the world travel crisis caused by Covid-19. The US bankruptcy court approved the package after insisting the Santiago-based carrier change an earlier proposal which would have given it an option of repaying much of the debt in new stock instead of cash. "The decision of Judge James L. Garrity allows the group access to the 2.45 billion dollars required to face the impact of Covid-19," the airline said in a statement. The revised plan was presented to the court on Thursday after Garrity rejected the airline's earlier $2 billion plan. Latin America's biggest airline filed for Chapter 11 bankruptcy in May after continent-wide stay-at-home measures to contain the virus forced it to reduce its operations by 95 percent. Chapter 11 proceedings allow a company that is no longer able to repay its debt to restructure under court supervision without pressure from creditors. In July, the Brazilian-Chilean airline said it would lay off at least 2,700 staff to cope with the fallout. msa/db/mdl
schema:headline	LATAM wins approval for $2.4 bn financing
schema:mentions	Latin America Chapter 11, Title 11, United States Code James VI and I Bankruptcy Court Virus Coronavirus disease 2019 LATAM Brasil
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-09-18 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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