Latam Airlines files for Chapter 11 bankruptcy protection

The Santiago, Chile-based airline said Tuesday that it and some of its affiliated companies launched the reorganization effort in the United States.Latam said the bankruptcy filing has the support of two families that have big stakes in the company, as well as large shareholder Qatar Airways.The bankruptcy filing includes parent company Latam Airlines Group S.A. and its affiliated airlines in Colombia, Peru and Ecuador, as well as its businesses in the U.S.