LATAM shareholders approve $1bn capital increase

Victoria
By Victoria June 12, 2013 13:27

LATAM shareholders approve $1bn capital increase

 

Shareholders of LATAM Airlines have approved a $1 billion capital increase to fund its fleet overhaul. The deal, which comprises the issuance of up to 63.5million shares, is expected to close around September 25.

LATAM has confirmed that it plans to spend around $11 billion to add some 165 aircraft to its fleet by 2017.

Executive Vice President Enrique Cueto hopes that new measures to overhaul LATAM will help the airline regain its investment grade credit rating in 2015.

Victoria
By Victoria June 12, 2013 13:27
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Flatam-shareholders-approve-1bn-capital-increase%2F"> registered </a> users can comment.