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LATAM becomes largest airline driven to bankruptcy by coronavirus

The airline, which has about $1.3 billion of cash on hand, recently approved a dividend payment, in contrast to other carriers that have halted such payouts amid the crisis. Chilean Finance Minister Ignacio Briones said he was considering potential help for large companies amid the coronavirus outbreak, including a bill offering unspecified "financing mechanisms." In Brazil, LATAM for weeks has been negotiating a bailout of up to 2 billion reais ($367.45 million) that has to materialize.