LATAM Airlines Group S.A. (SNSE:LTM) has put forward a proposal to hire LarrainVial to seek investors, as part of its Chapter 11 discussions. The firm is trying to use a mechanism called Debtor in Possession (DIP) to secure funding. The Cueto and Amaro families and Qatar have already pledged $300mn (EUR 260.09mn) and $600mn, respectively, this way. If approved, LarrainVial will support the work done by PJT Partners and search for funding in Chile, Colombia and Peru.