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:
|Transferor||Transferee||Claim No||Claim Amount|
|CFM International, Inc. and GE Celma Ltda||Citigroup Financial Products Inc.||Claim No. 2723||$35,709,731.32|
|General Electric Co/GE Engine Serv Dist LLC/GE Eng. Serv Inc/GE Celma Ltda||Citigroup 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.