Home Claims Trading Claims Worth $76M Bought by Citigroup Financial in LATAM Airlines Bankruptcy

Claims Worth $76M Bought by Citigroup Financial in LATAM Airlines Bankruptcy

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June 28, 2021, Southern District of New York – Citigroup Financial Products recently bought two more bankruptcy claims worth $76 million in the LATAM Airlines Group SA bankruptcy.

The details of the transfers are as follows:

TransferorTransfereeClaim NoClaim Amount
CFM International, Inc. and GE Celma LtdaCitigroup Financial Products Inc.Claim No. 2723$35,709,731.32
General Electric Co/GE Engine Serv Dist LLC/GE Eng. Serv Inc/GE Celma LtdaCitigroup Financial Products Inc.Claim No. 3201$41,858,865.02

LATAM Airlines filed for Chapter 11 bankruptcy in the United States on 26 May 2020, due to economic problems attributed to the impact of the COVID-19 pandemic on aviation.

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