LATAM Airlines Group has announced it is proceeding with the opening and relisting of the company’s American Depositary Receipts (ADR) Program on the New York Stock Exchange (NYSE), and that it is exploring the possibility of having a secondary sale with certain creditors that were backstop parties to its Chapter 11 reorganisation plan.

The parent entity of LATAM Airlines and LATAM Airlines Brasil said it had reached out to these creditors, which had previously entered into a Registration Rights Agreement (RRA),…

Source: ch aviation
Read more: LATAM Airlines Group eyes secondary share sale