LATAM Airlines and creditors continue to clash over backstop charges

By Rick Archer (February 11, 2022, 9:55 PM EST) — Chilean carrier LATAM Airlines and a host of its creditors continued to battle Friday in a New York bankruptcy judge over a backstop financing deal in LATAM’s Chapter 11 plan, with each side accusing the other of having a distorted view of costs.

During the second full day of virtual hearings on the matter, LATAM accused opposing creditors of taking too narrow a view of the proposed support arrangement to exaggerate the amount of fees supporting creditors would receive, while that opponents argued that LATAM was trying to minimize fees by taking…

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