Business Transformed
LATAM Airlines Energized by $2.45 Billion in Financing
Business Transformed
LATAM Airlines Energized by $2.45 Billion in Financing
主要联络人
When an entire industry is grounded, how do you chart — and finance — a new path?
In May 2020, LATAM Airlines Group S.A. (“LATAM”) and its subsidiaries in South America and the United States filed for Chapter 11 in the Southern District of New York as a result of the severe disruption to air travel caused by the global outbreak of COVID-19. Monthly revenue had declined by 95%, which, combined with LATAM’s high fixed-cost structure and $10.8 billion of debt as of the first quarter of 2020, led to severe liquidity and solvency issues.
我们的影响力
FTI Consulting’s due diligence support and long-term projections were key to LATAM's obtaining the $2.45 billion debtor-in-possession financing necessary to fund ongoing operations — and preserve their leading position in global aviation in the post-pandemic era.
By the Numbers
Clearing the Way to Transformation
38
Debtors Prepared
FTI Consulting prepared 38 debtors for Chapter 11 bankruptcy in four weeks.
$7B+
Aircraft Leases and Fleet Financing
Our experts helped resize and reshape the aircraft fleet for both near-term and future recovery, negotiated aircraft leases and other fleet financing (total obligations in excess of $7 billion) to achieve material debt reduction and cost savings, and supported future aircraft and engine deliveries.
60,000+
Schedules and Claims
By the end of the engagement, FTI Consulting helped with the objection, withdrawal and stipulations of all 6,500 claims and 55,000 schedules, including coordinating the distribution of cash and securities.
在危机与变革中，最重要的是你接下来采取的行动。
我们的角色
A multidisciplinary response to preserve the position of a global aviation leader
LATAM’s legal counsel engaged FTI Consulting as financial advisors to represent the debtors and guide them through a complex, multi-jurisdictional Chapter 11 proceeding.
FTI Consulting prepared LATAM and its subsidiaries for Chapter 11 bankruptcy, managed extensive post-filing court reporting requirements and supported the company in assisting and advising on all fleet-related matters, a key component of both the restructuring and the repositioning of the business for future growth.
The team prepared the restructuring communication strategy with key stakeholders and developed a portal to assist with the claims process.
Professionals developed a three-statement financial model to support long-term projections for capital-raising and valuation purposes, a 13-week cash flow forecast and an 18-month budget to obtain the necessary debtor-in-possession financing.
Awards & Recognition
International Company Turnaround / Transaction
International Company Turnaround / Transaction
Cross-Border Turnaround of the Year
Cross-Border Turnaround of the Year
Black capitalized LatinFinance logo text on a white background.
Corporate Restructuring of the Year
International Matter of the Year
International Matter of the Year
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当一切都处于危机之中
富事高咨询 (FTI Consulting) 是全球性的商业咨询机构，致力于服务面临危机和转型的机构。我们的团队由资深专家领导，能够迅速应对复杂情况，提供实际并具建设性的解决方案。
更多案例
专业知识 智慧实践
结合专家知识及行业经验，
在日益复杂的世界中为客户取得真实成果
