Reuters LATAM Airlines said on Wednesday its board gave approval to begin the process of relisting American Depositary Receipts ADRs on the New York Stock Exchange.

In a filing to Chile39;s stock exchange, the company said the process involves meeting various requirements from the NYSE and the U.S. Securities and Exchange Commission and could take up to six months.

The Santiagobased carrier traded ADRs, which foreign companies use to list their shares on U.S. stock exchanges, on the NYSE before declaring bankruptcy in 2020.

The company emerged from bankruptcy proceedings with an 8 billion reorganization plan in late 2022.

Relisting will require consent from the principal creditors that supported the company39;s Chapter 11 reorganization plan, without whom the company would not have emerged from the reorganization process, the filing said.

Reporting by Brendan O39;Boyle; Editing by Jacqueline Wong and Jamie Freed

Source Reuters