LATAM Group have reached an agreement with the Venezuelan government concerning the partial disbursement of unrecovered ticket-sale funds. In a statement issued on July 20th, LATAM announced it had accepted the Venezuelan government’s proposal in regards to the repatriation of funds equivalent to the total owed for FY2013 for all the airlines in the group. The statement said: “The total debt owed is approximately $148million, which will be rendered per the payment plan proposed by the Government of Venezuela which has been accepted by LATAM Airlines Group and its affiliates and TAM Airlines.” It is not known whether LATAM has

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