This Amendment No. 4 amends the statement on Schedule 13D filed with the Securities and Exchange
Commission by Qatar Airways Group Q.C.S.C (formerly known as Qatar Airways Q.C.S.C., “Qatar Airways”) and Qatar Airways Investments (UK) Ltd. (“QAI UK”; together with Qatar Airways, the “Reporting Persons”) on
January 17, 2017 (as amended, the “Schedule 13D”) as amended by Amendment No. 1 filed by the Reporting Persons on September 7, 2021, Amendment No. 2 filed by the Reporting Persons on December 16, 2021 and Amendment
No. 3 filed by the Reporting Persons on January 18, 2022 with respect to the Common Stock, no par value, of LATAM Airlines Group S.A. (“LATAM” or the “Issuer”). Capitalized terms used but not defined in this Amendment
No. 4 have the meanings set forth in the Schedule 13D. Except as specifically provided herein, this Amendment No. 4 does not modify any of the information previously reported in the Schedule 13D.
| Item 2. |
Identity and Background |
Item 2 of the Schedule 13D is hereby amended and restated in its entirety as follows:
(a) The names of the persons filing this statement are Qatar Airways Group Q.C.S.C., a corporation organized and existing under the laws of
Qatar and Qatar Airways Investments (UK) Ltd., a United Kingdom company and a wholly-owned subsidiary of Qatar Airways Group Q.C.S.C.
(b)
The business address of Qatar Airways is Qatar Airways Tower 1, P.O. Box 22550, Doha, Qatar, and the business address of QAI UK is 10-11 Conduit Street, London W1S 2QR, United Kingdom.
(c) Qatar Airways is the national carrier of the State of Qatar. Qatar Airways serves over 140 international destinations. QAI UK is a direct
wholly-owned subsidiary of Qatar Airways that engages in certain investment activities on behalf of Qatar Airways.
(d) Neither the
Reporting Persons nor, to the knowledge of the Reporting Persons, any person identified on Schedule A attached hereto have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five
years.
(e) Neither the Reporting Persons nor, to the knowledge of the Reporting Persons, any person identified on Schedule A
attached hereto was, during the last five years, a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws, except as described below.
(f) Qatar Airways is organized under the laws of Qatar. QAI UK is organized under the laws of the United Kingdom. The citizenship of
each director and officer of the Reporting Persons is set forth on Schedule A attached hereto.
Set forth on Schedule A
attached hereto is the name, present principal occupation or employment (and the name, principal business and address of any corporation or other organization in which such employment is conducted) and the citizenship of each of the directors and
executive officers of the Reporting Persons as of the date hereof.
| Item 4. |
Purpose of Transaction. |
Item 4 of the Schedule 13D is hereby amended and supplemented by deleting the last paragraph of item 4 of Amendment No. 3 and inserting the following
language in its place:
On May 20, 2022, the Reporting Persons, Delta Air Lines, Inc. (“Delta”) and Costa Verde Aeronáutica S.A.
(“Costa Verde”) entered into an agreement (the “Reallocation Letter”) pursuant to which the parties have agreed to transfer, exchange and assign, and thereby reallocate, preemptive rights they currently hold and backstop
commitments they have made under the BCA to purchase equity/and or securities convertible into equity in reorganized LATAM, such that, in connection with LATAM’s emergence from bankruptcy, Costa Verde’s and Delta’s respective
ownership interests in reorganized LATAM are anticipated to be approximately 7% and 10%, and the Reporting Persons’ ownership interest in reorganized LATAM is anticipated to be approximately 10%. Such equity percentages are unchanged by the
Reallocation Letter. The Reallocation Letter sets forth the terms by which the preemptive rights and backstop commitments will be reallocated, specifically providing that the Reporting Persons and Delta will transfer to Costa Verde all of their
preemptive rights in connection with Common Stock issued through an equity rights offering (the “ERO New Common Stock”) and their commitments to subscribe and purchase their respective portions of unsubscribed ERO New Common Stock
(collectively, “ERO New Common Stock Backstop Commitments”) in exchange for a portion of Costa Verde’s preemptive rights to acquire convertible notes Class B (the “New Convertible Notes Class B”) and commitment to
subscribe and purchase its respective portion of unsubscribed New Convertible Notes Class B (collectively, “New Convertible Notes Class B Backstop Commitment”), each as provided for in and permitted by the BCA and Chilean law, as
applicable. If the Facilitating Shareholders collectively acquire less than 27% of the equity to be issued in connection with LATAM’s reorganization, they will transfer, exchange and/or assign their respective ERO New Common Stock, New
Convertible Notes Class B, ERO New Common Stock Backstop Commitments and New Convertible Notes Class B Backstop Commitments, as applicable, such that the equity in reorganized LATAM owned by each of the Backstop Shareholders will be reduced
proportionately from the anticipated percentages indicated above, respectively.
The foregoing description of the Reallocation Letter is qualified in its
entirety by the express terms of such agreement, a copy of which is attached hereto as Exhibit 7.6 and is incorporated herein by reference.
The Reporting
Persons disclaim membership in a “group” within the meaning of Section 13(d) of the Act and beneficial ownership over any of the shares of Common Stock beneficially owned by any other person, including the Other Shareholders or any
member of the Ad Hoc Group, and nothing in this Amendment No. 4 shall be deemed an admission that the Reporting Persons are members of a “group” within the meaning of Section 13(d) of the Act and Regulation 13D-G thereunder.