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LATAM Airline Creditors Claim Aircraft Auction Was Rigged

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By Rick Archer (September 1, 2023, 8:17 PM EDT) — A group of LATAM Airlines Group creditors have filed a suit in New York state court alleging wealth management firm Wilmington Trust Co. held a rigged auction of the bankrupt Chilean airline’s planes to benefit private equity firm Ares Management and Ares’ aircraft leasing affiliate….

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