A major Latin American airline has filed for bankruptcy protection inMiami and shut down its operations, leaving hundreds of local creditorsscrambling to recover debt and several airlines vying for the carrier’sroutes.

Empresa de Transporte Aero Del Peru � better known as AeroPeru � twoweeks ago filed for bankruptcy protection. The Lima-based company,owned mainly by Delta Air Lines and AeroMexico, flew throughout Southand Central America, operating two daily flights on weekdays and threeflights on Saturdays out of Miami. AeroPeru’s planes were leased fromcompanies in the United States and have been returned, but the issue ofthe 26-year-old airline’s debt looms over more than 100 South Floridacreditors. In all, 275 U.S. creditors are owed more than $160 million.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]