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LATAM Airlines Group and its affiliates and TAM AIRLINES statement

07/21/2014 | By LATAM Airlines

LATAM Airlines Group S.A.and its affiliates and TAM Airlines S.A. announce that they have accepted the proposal of the Government of Venezuela in regards to the repatriation of funds equivalent to the total owed money for fiscal year 2013 for all carriers of the group.

The total debt owed is approximately US $148 million, 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.

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