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       T R O U B L E D   C O M P A N Y   R E P O R T E R

                 L A T I N   A M E R I C A

          Thursday, October 12, 2023, Vol. 24, No. 205

                           Headlines



A R G E N T I N A

ARGENTINA: Asked to Postpone October Payments, IMF Confirms
ARGENTINA: Inflation in Buenos Aires City Hit 12% in September
BLOCKFI INC: Customer Repayment Through Liquidation Plan Okayed
GAUCHO GROUP: Updates Stakeholders on Argentina Operations


B R A Z I L

BRAZIL: Jobless Rate Drops to 7.8% in Quarter Through August


C O L O M B I A

COLOMBIA: IDB Approves $200MM Loan for MSME Financing


P U E R T O   R I C O

LUNA DAIRY: Gets OK to Hire C. Conde & Assoc. as Legal Counsel


T R I N I D A D   A N D   T O B A G O

CARIBBEAN AIRLINES: Antigua & Barbuda to Fight Expansion Plans

                           - - - - -


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A R G E N T I N A
=================

ARGENTINA: Asked to Postpone October Payments, IMF Confirms
-----------------------------------------------------------
Buenos Aires Times reports the International Monetary Fund (IMF)
confirmed that Argentina has requested an extension for debt
maturities until after the general election on October 22.

The formal petition from President Alberto Fernandez's government
comes with Central Bank reserves at worryingly low levels,
turbulence in the exchange markets and runaway inflation peaking at
124.4 percent over the last 12 months, according to Buenos Aires
Times.

Meeting international reserves payments would be difficult for
Argentina and Economy Minister Sergio Massa, the presidential
candidate for the ruling coalition, has his hands fall, the report
notes.

IMF payments were beginning to mount, hence Buenos Aires' request.
For the 10th month of the year, the country had a payment schedule
with three disbursements: US$1.297 billion for principal maturities
on October 9, a further US$648 million for the same item a week
later and US$682 million to be deposited. It all amounts to
US$2.627 billion, the report relays.

The report notes that the disbursement of US$7.5 billion made by
the IMF in September included a surplus for Argentina to undertake
those commitments until the next review.

After this request, the government will group them to cancel them
in the last days of October, the report discloses.

"The maturity will be unified late this month with an operation
called a 'bundle' – we've been doing for two years," an important
source from the Economy Ministry told Perfil, the report relays.

"The authorities have exercised their rights as a member to group
three repurchases [principal payments] which mature in October and
to pay them by the end of the month [that is, on October 31]," IMF
sources have confirmed separately to the Noticias Argentinas news
agency, the report says.

This operation allows member nations of the multilateral entity to
unify outstanding amounts and cancel them all together by the end
of the month, which was already last July, the report notes.

However, these disbursements would be in addition to some US$800
million in interest maturities, to be paid on November 1, which may
not be extended, the report relays.

Consequently, between late October and early November, Argentina
will have to pay, within a few hours, about US$3.4 billion.

This news comes within a very delicate context in terms of the
Central Bank's reserves and after days of foreign exchange
volatility which do not help matters. The Central Bank sold US$80
million, the highest amount since August 11, prior to the PASO
primaries, the report discloses.

Currently, the total held in dollars by the institution is
US$26.468 billion, the report says.

Over the last few days, the government finalised payments to the
tune of US$228 million to different international organisations,
the biggest being US$190 million to the Paris Club, the report
relays.  The remainder was distributed among the International Bank
for Reconstruction and Development (IBRD), the Andean Development
Corporation (CAF in its Spanish acronym) and the Inter-American
Development Bank (BID in its Spanish acronym), the report notes.

This extension, in terms of the debt with the IMF, gives the ruling
party some leeway to accumulate dollars and go to the polls with a
more comfortable position on money markets within steep climbs for
both financial and parallel exchange rates, the report discloses0.

This postponement of the payment of maturities also comes amid the
tense relationships between Economy Minister and presidential
candidate for Unión por la Patria Sergio Massa and the IMF,
currently headed by Kristalina Georgieva, the report says.

In the last few days, IMF spokesperson Julie Kozack analysed the
recent economic measures announced by the minister and assured that
they "exacerbate the country's difficulties," the report relays.

"The economic situation remains very challenging and complex.
Inflation is high, very high, and rising. Reserve buffers are low
and social conditions are fragile," she added.

In this vein, she held that the agreement "is not broken" and that
the IMF's objective is to "continue to help Argentina during these
challenging times,"the report adds.
              
                         About Argentina

Argentina is a country located mostly in the southern half of South
America. Its capital is Buenos Aires. Alberto Angel Fernandez is
the current president of Argentina after winning the October 2019
general election. He succeeded Mauricio Macri in the position.

Argentina has the third largest economy in Latin America.  The
country's economy is an upper middle-income economy for fiscal
year 2019, according to the World Bank. Historically, however, its
economic performance has been very uneven, with high economic
growth alternating with severe recessions, income maldistribution
and in the recent decades, increasing poverty.

The IMF's executive board completed on August 23, 2023, the fifth
and six reviews of Argentina's 30-month Extended Fund Facility
(EFF), and approved a US$7.5-billion disbursement to Argentina as
part of the larger program, which refinances payments Argentina
owes the institution from a previous bailout that failed to
stabilize the economy in 2018. Argentina would receive another IMF
disbursement in November of about US$2.75 billion pending another
staff-level agreement and board approval.

S&P Global Ratings, on June 13, 2023, raised its local currency
sovereign credit ratings on Argentina to 'CCC-/C' from 'SD/SD' and
its national scale rating to 'raCCC+' from 'SD'. S&P also affirmed
its 'CCC-/C' foreign currency sovereign credit ratings on
Argentina. The outlook on the long-term ratings is negative. S&P's
'CCC-' transfer and convertibility assessment is unchanged. None of
its rated bond issues are affected.

S&P said the negative outlook on the long-term ratings is based on
the risks surrounding pronounced economic imbalances and policy
uncertainties before and after the 2023 national elections.
Divisions within the government coalition, and infighting among the
opposition, constrain the sovereign's ability to implement timely
changes in economic policy.

Fitch Ratings also upgraded on June 13, 2023, Argentina's Long-Term
Foreign Currency (FC) Issuer Default Rating (IDR) to 'CC' from 'C'
and affirmed the Long-Term Local Currency (LC) IDR at 'CCC-'. Fitch
typically does not assign Outlooks to sovereigns with a rating of
'CCC+' or below.

The upgrade of the FC IDR reflects that Fitch no longer deems a
default-like process to have begun, as the authorities have not
signaled a clear intention to follow through with an intra-public
debt swap announced in March. The new 'CC' rating signals a default
event of some sort appears probable in the coming years,
regardless of the outcome of upcoming elections. The affirmation
of
the LC IDR at 'CCC-' follows the peso debt swap in June that Fitch
did not deem to be a "distressed debt exchange" (DDE).

Moody's Investors Service, in September 2022, affirmed Argentina's
Ca foreign-currency and local-currency long-term issuer and senior
unsecured ratings.  The outlook remains stable.  The decision to
affirm the Ca ratings balances Argentina's limited market access,
weak governance, and history of recurrent debt restructurings with
recent efforts to marshal fiscal and monetary measures to start
addressing underlying macroeconomic imbalances in the context of
the IMF program that was approved in 2022, according to Moody's.

DBRS, Inc. confirmed Argentina's Long-Term Foreign Currency Issuer
Rating at CCC and downgraded its Long-Term Local Currency Issuer
Rating to CCC from CCC (high) on March 3, 2023.


ARGENTINA: Inflation in Buenos Aires City Hit 12% in September
--------------------------------------------------------------
Buenos Aires Times reports that Argentina's inflation woes
continued in September with consumer prices up 12 percent for the
month, an acceleration from the 10.8 percent recorded the previous
month.

The data, published by the Buenos Aires City government's General
Statistics and Census Bureau, said the monthly figure was "the
highest since inflation started being calculated in the City
separately in 2012," according to Buenos Aires Times.

So far this year, consumer prices have increased 101.3 percent,
said the office, while the annual variation over the last 12 months
totals a giant 140.9 percent, the report notes.

In September, the CPI in Buenos Aires City reportedly was due to
the increases in the following divisions: Food and non-alcoholic
beverages; Housing, water, electricity and gas; Restaurants and
hotels; Transport; and Clothing and Footwear, which in all
explained the overall 67.2-percent rise, the report relays.

The report discloses that the sectors with the biggest increases in
Buenos Aires City were:

1. Food and non-alcoholic beverages climbed by 14.1 percent. Inside
the division, the main increases came from Meat and related
products (16.8 percent) and Bread and cereals (12.4 percent),
followed by Milk, dairy and eggs (10.8 percent), Fruits (28.6
percent) and Vegetables, tubers and legumes (10.5 percent). This
item had a 145.4-percent year-to-year variation.

2. Housing, water, electricity and gas increased 9.6 percent,
affected mainly by the rises in rent. To a lesser extent, the
adjustment in value of housing common charges stood out.  This item
had a 172.1-percent year-to-year variation.

3. Restaurants and hotels rose on average by 13.8 percent as a
result of increases in the prices of prepared meals in restaurants,
bars and food takeaway. They were followed by increases in hotel
rates for travel reasons. This item had a 166.9-percent
year-to-year variation.

4. Transporte experienced a 12.6-percent increase, due to the rise
of airplane tickets, cars and fuels and lubricants for household
vehicles. This item had a 117.2-percent year-to-year variation.

5. Clothing and footwear rose on average by 15.4 percent as a
result of the seasonal behaviour of the division. This item had a
121.4-percent year-to-year variation.

                         About Argentina

Argentina is a country located mostly in the southern half of South
America. Its capital is Buenos Aires. Alberto Angel Fernandez is
the current president of Argentina after winning the October 2019
general election. He succeeded Mauricio Macri in the position.

Argentina has the third largest economy in Latin America.  The
country's economy is an upper middle-income economy for fiscal
year 2019, according to the World Bank. Historically, however, its
economic performance has been very uneven, with high economic
growth alternating with severe recessions, income maldistribution
and in the recent decades, increasing poverty.

The IMF's executive board completed on August 23, 2023, the fifth
and six reviews of Argentina's 30-month Extended Fund Facility
(EFF), and approved a US$7.5-billion disbursement to Argentina as
part of the larger program, which refinances payments Argentina
owes the institution from a previous bailout that failed to
stabilize the economy in 2018. Argentina would receive another IMF
disbursement in November of about US$2.75 billion pending another
staff-level agreement and board approval.

S&P Global Ratings, on June 13, 2023, raised its local currency
sovereign credit ratings on Argentina to 'CCC-/C' from 'SD/SD' and
its national scale rating to 'raCCC+' from 'SD'. S&P also affirmed
its 'CCC-/C' foreign currency sovereign credit ratings on
Argentina. The outlook on the long-term ratings is negative. S&P's
'CCC-' transfer and convertibility assessment is unchanged. None of
its rated bond issues are affected.

S&P said the negative outlook on the long-term ratings is based on
the risks surrounding pronounced economic imbalances and policy
uncertainties before and after the 2023 national elections.
Divisions within the government coalition, and infighting among the
opposition, constrain the sovereign's ability to implement timely
changes in economic policy.

Fitch Ratings also upgraded on June 13, 2023, Argentina's Long-Term
Foreign Currency (FC) Issuer Default Rating (IDR) to 'CC' from 'C'
and affirmed the Long-Term Local Currency (LC) IDR at 'CCC-'. Fitch
typically does not assign Outlooks to sovereigns with a rating of
'CCC+' or below.

The upgrade of the FC IDR reflects that Fitch no longer deems a
default-like process to have begun, as the authorities have not
signaled a clear intention to follow through with an intra-public
debt swap announced in March. The new 'CC' rating signals a default
event of some sort appears probable in the coming years, regardless
of the outcome of upcoming elections. The affirmation of the LC IDR
at 'CCC-' follows the peso debt swap in June that Fitch did not
deem to be a "distressed debt exchange" (DDE).

Moody's Investors Service, in September 2022, affirmed Argentina's
Ca foreign-currency and local-currency long-term issuer and senior
unsecured ratings.  The outlook remains stable.  The decision to
affirm the Ca ratings balances Argentina's limited market access,
weak governance, and history of recurrent debt restructurings with
recent efforts to marshal fiscal and monetary measures to start
addressing underlying macroeconomic imbalances in the context of
the IMF program that was approved in 2022, according to Moody's.

DBRS, Inc. confirmed Argentina's Long-Term Foreign Currency Issuer
Rating at CCC and downgraded its Long-Term Local Currency Issuer
Rating to CCC from CCC (high) on March 3, 2023.


BLOCKFI INC: Customer Repayment Through Liquidation Plan Okayed
---------------------------------------------------------------
Jonathan Randles of Bloomberg Law reports that failed crypto lender
BlockFi Inc. won bankruptcy court approval on its plan for shutting
down its business, a milestone that could result in customers
getting back a portion of what they're owed by the end of 2023.

Judge Michael Kaplan said during a hearing September 26,
2023, he would approve BlockFi's liquidation plan which was
supported by a committee representing customer interests and
creditors that voted to support it. Some BlockFi creditors are
slated to receive partial repayment in Bitcoin or Ethereum,
according to court documents.

                       About BlockFi Inc.

BlockFi is building a bridge between digital assets and traditional
financial and wealth management products to advance the overall
digital asset ecosystem for individual and institutional
investors.

BlockFi was founded in 2017 by Zac Prince and Flori Marquez and in
its early days had backing from influential Wall Street investors
like Mike Novogratz and, later on, Valar Ventures, a Peter
Thiel-backed venture fund as well as Winklevoss Capital, among
others.  BlockFi made waves in 2019 when it began providing
interest-bearing accounts with returns paid in Bitcoin and Ether,
with its program attracting millions of dollars in deposits right
away.

BlockFi grew during the pandemic years and had offices in New York,
New Jersey, Singapore, Poland and Argentina.

BlockFi worked with FTX US after it took an $80 million hit from
the bad debt of crypto hedge fund Three Arrows Capital, which
imploded after the TerraUSD stablecoin wipeout in May 2022.

BlockFi had significant exposure to the companies founded by former
FTX Chief Executive Officer Sam Bankman-Fried.  BlockFi received a
$400 million credit line from FTX US in an agreement that also gave
FTX the option to acquire BlockFi through a bailout orchestrated by
Bankman-Fried over the summer.  BlockFi also had collateralized
loans to Alameda Research, the trading firm co-founded by
Bankman-Fried.

BlockFi is the latest crypto firm to seek bankruptcy amid a
prolonged slump in digital asset prices. Lenders Celsius Network
LLC and Voyager Digital Holdings Inc. also filed for court
protection this year.  Kirkland & Ellis is also advising Celsius
and Voyager in their separate Chapter 11 cases.

BlockFi Inc. and eight affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D.N.J. Lead Case No. 22-19361) on
Nov. 28, 2022. In the petitions signed by their chief executive
officer, Zachary Prince, the Debtors reported $1 billion to $10
billion in both assets and liabilities.

Judge Michael B. Kaplan oversees the cases.

The Debtors tapped Kirkland & Ellis and Haynes and Boone, LLP as
general bankruptcy counsels; Walkers (Bermuda) Limited as special
Bermuda counsel; Cole Schotz, P.C., as local counsel; Berkeley
Research Group, LLC as financial advisor; Moelis & Company as
investment banker; and Street Advisory Group, LLC, as strategic and
communications advisor.  Kroll Restructuring Administration, LLC,
is the notice and claims agent.


GAUCHO GROUP: Updates Stakeholders on Argentina Operations
----------------------------------------------------------
Gaucho Group Holdings Inc. filed with the Securities and Exchange
Commission a copy of updates provided to its stockholders regarding
the Company's recent activities in Argentina and its strategies for
enhancing stockholder value.

Scott L. Mathis, CEO and chairman of the board of directors of the
Company, said, "Our companies continue to drive value on a monthly
and quarterly basis, and we are pushing for more revenue within
each of our business segments. Algodon Mansion completed its
renovation and is ready for the 2023-24 holiday season in
Argentina. Algodon Wine Estates' lodge has also been renovated, and
we are excited about the increased occupancy rates at both hotels.

"At the winery, we look forward to the 2024 harvest in March and
April. Since we've expanded the winery and the capacity of our wine
cellar, we are now focused on building and expanding our library of
wines. Despite the challenges in Argentina, where it can sometimes
take time and some bureaucracy to make things happen, we look with
excitement toward 2025, which we anticipate will be the first time
we can expect to see revenue from lot sales, to the potential of
about USD 10 Million. For Gaucho - Buenos Aires, our flagship Miami
store and our online components continue to perform with increased
revenue year over year -- and as we're seeing that, it keeps us
optimistic for additional growth. On the horizon, we look toward
the future to make more strategic land acquisitions both for
commercial and for private development in Buenos Aires, so that we
may continue to build value."

A full-text copy of the Company update is available at
https://tinyurl.com/27hxravp

                       About Gaucho Group

Headquartered in New York, NY, Gaucho Group Holdings, Inc. --
http://www.algodongroup.com-- was incorporated on April 5, 1999.
Effective Oct. 1, 2018, the Company changed its name from Algodon
Wines & Luxury Development, Inc. to Algodon Group, Inc., and
effective March 11, 2019, the Company changed its name from Algodon
Group, Inc. to Gaucho Group Holdings, Inc. Through its wholly owned
subsidiaries, GGH invests in, develops and operates real estate
projects in Argentina. GGH operates a hotel, golf and tennis
resort, vineyard and producing winery in addition to developing
residential lots located near the resort. In 2016, GGH formed a new
subsidiary and in 2018, established an e-commerce platform for the
manufacture and sale of high-end fashion and accessories. The
activities in Argentina are conducted through its operating
entities: InvestProperty Group, LLC, Algodon Global Properties,
LLC, The Algodon - Recoleta S.R.L, Algodon Properties II S.R.L.,
and Algodon Wine Estates S.R.L. Algodon distributes its wines in
Europe through its United Kingdom entity, Algodon Europe, LTD.

Gaucho Group reported a net loss of $21.83 million for the year
ended Dec. 31, 2022, compared to a net loss of $2.39 million for
the year ended Dec. 31, 2021.  As of March 31, 2023, the Company
had $21.01 million in total assets, $8.60 million in total
liabilities, and $12.40 million in total stockholders' equity.

New York, NY-based Marcum LLP, the Company's auditor since 2013,
issued a "going concern" qualification in its report dated April
17, 2023, citing that the Company has a significant working
capital
deficiency, has incurred significant losses and needs to raise
additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern, the auditor
said.




===========
B R A Z I L
===========

BRAZIL: Jobless Rate Drops to 7.8% in Quarter Through August
------------------------------------------------------------
globalinsolvency.com, citing Reuters, reports that Brazil's jobless
rate dropped for the fifth consecutive rolling quarter in the three
months ended in August, reaching its lowest since early 2015 as the
labor market in Latin America's largest economy continues to show
resilience.

The unemployment rate reached 7.8% in the quarter through August,
statistics agency IBGE said, in line with market expectations and
down from the 7.9% seen in the previous rolling quarter, according
to globalinsolvency.com.

Brazil has been facing a "favorable scenario" on the employment
side, IBGE's research manager Adriana Beringuy said in a statement,
which has allowed for a drop in the number of people actively
looking for work in the country, the report notes.

The job market's strength is one of the reasons mentioned by some
central bank board members for the authority not to pick up the
pace of its 50-basis-point-per-meeting monetary easing, as it tends
to support services inflation at higher levels, the report adds.

                              About Brazil

Brazil is the fifth largest country in the world and third largest
in the Americas. Luiz Inacio Lula da Silva won the 2022
Brazilian general election. He was sworn in on January 1, 2023, as
the 39th president of Brazil, succeeding Jair Bolsonaro.

As recently reported in the Troubled Company Reporter-Latin
America, Fitch Ratings, in December 2022, affirmed Brazil's
Long-Term Foreign Currency Issuer Default Rating (IDR) at 'BB-'
with a Stable Outlook. The ratings are constrained by high
government indebtedness, a rigid fiscal structure, weak economic
growth potential, and a record of governability challenges that
have hampered efforts to address these fiscal and economic issues
and clouded policy predictability. The Stable Outlook reflects
Fitch's expectation that growth will slow in the coming year and
that recent fiscal improvement will erode under a new government,
but within a margin consistent with the current rating, and from a
better starting point than previously expected. Uncertainty is
elevated regarding the plans of the incoming government and the
extent to which these could ease or aggravate fiscal and economic
challenges. However, Fitch does not expect policies that
jeopardize broad economic stability.

Standard & Poor's affirmed its 'BB-/B' long- and short-term
foreign and local currency sovereign credit ratings on Brazil, and
the outlook remains stable (June 2022).  The stable outlook
reflects S&P's base-case assumption that Brazil will maintain its
fiscal anchors over the next two years despite an increasing
interest burden, preventing significant fiscal slippage and
limiting the rise in its already high debt burden.

Moody's credit rating for Brazil was last set at Ba2 in 2018 with
stable outlook.  Moody's affirmed the Ba2 issuer ratings and
senior unsecured bond ratings in April 2022.

DBRS's credit rating for Brazil is BB (low) with stable outlook
(March 2018).




===============
C O L O M B I A
===============

COLOMBIA: IDB Approves $200MM Loan for MSME Financing
-----------------------------------------------------
The Inter-American Development Bank (IDB) approved a $200 million
loan to support productive financing and sustainable development
for micro, small, and medium-size enterprises (MSMEs) in Colombia.

The program, approved by the Bank's Board of Executive Directors,
aims to expand MSMEs' access to financing for productive
investments focused on business innovation and digitalization, and
to make production more environmentally sustainable. The financing
will be channeled through Bancóldex, Colombia's business
development bank.

Colombia has 1.6 million registered companies, around 99% of which
are MSMEs. These companies generate 40% of the country's gross
domestic product and employ four out of five workers in the
country. However, as of 2021, these companies faced a funding gap
of $49.5 billion, which is 2.42 times the current supply of credit
in the Colombian financial system.

In response to this long-term funding gap, which is due to market
failures in the Colombian financial system, the Colombian
government has made productive business transformation a top
priority.

The program, which will benefit over 13,000 businesses, includes
three components: improving microenterprises' access to productive
credit, providing long-term loans for upgrading production and for
digitalization, and offering new lines of credit for investments in
environmentally sustainable production.

The program focuses on closing the financing gap for female
entrepreneurs, as 50% of its first-time loan recipients will be
microenterprises led or owned by women. The program will also
support the design and implementation of groundbreaking pilot
programs to finance enterprises of diverse groups, including
Afro-descendants, Indigenous, and LGBTQ+ populations.

The investments in more environmentally sustainable production are
expected to cut 12,450 tons of CO2 emissions.

The $200 million IDB loan to Colombia has a 25-year repayment
period, a 5.5-year grace period, and an interest rate based on the
Secured Overnight Financing Rate (SOFR). This is the third
operation of a $600 million conditional credit line for investment
projects for productive business financing approved by the IDB in
2019.




=====================
P U E R T O   R I C O
=====================

LUNA DAIRY: Gets OK to Hire C. Conde & Assoc. as Legal Counsel
--------------------------------------------------------------
Luna Dairy, Inc., received approval from the U.S. Bankruptcy Court
for the District of Puerto Rico to hire the law firm of C. Conde &
Assoc.

The Debtor requires legal counsel to:

a. Give advice with respect to the duties, powers and
   responsibilities of the Debtor in its Chapter 11 case under
   the laws of the United States and Puerto Rico in which the
   Debtor conducts its operations, do business, or is involved
   in litigation;

b. Assist the Debtor in negotiations with creditors for the
   purpose of arranging the orderly liquidation of assets or
   for proposing a viable plan of reorganization;

c. Prepare reports and legal papers;

d. Appear before the court;

e. Perform legal services required in the Debtor's bankruptcy
   proceedings or in connection with the operation of and
   involvement with the Debtor's business;

f. Provide, if necessary, notary services allowed under Notary
   Law, which will not constitute or represent any conflict
   to the law firm or to the Debtor; and

g. Provide other professional services, if necessary.

The hourly rates charged by the firm are as follows:

     Carmen Conde Torres, Esq.   $350 per hour
     Associates                  $300 per hour
     Junior Attorney             $275 per hour
     Paralegal/In-house Special
       Clerk/Accounting Analyst  $150 per hour

In addition, the firm will seek reimbursement for work-related
expenses incurred.

The retainer fee is $20,000.

As disclosed in court filings, C. Conde & Assoc. is a
"disinterested person" pursuant to Section 101(14) of the
Bankruptcy Code.
  
The firm can be reached at:

     Carmen D. Conde Torres, Esq.
     Law Firm of C. Conde & Assoc.
     254 De San José Street, Suite 5
     Old San Juan, PR 00901-1523
     Phone: 787-729-2900
     Fax: 787-729-2203
     Email: condecarmen@condelaw.com

                      About Lucena Dairy

Luna Dairy Inc. is engaged in the production of cows' milk and
other dairy products and in raising dairy heifer replacements. The
company is based in Hatillo, P.R.

Luna Dairy filed Chapter petition (Bankr. D. P.R. Case No.
23-02837) on Sept. 9, 2023, with $4,102,639 in assets and
$11,316,130 in liabilities. Jorge Lucena Betancourt, president,
signed the petition.

Judge Edward A. Godoy oversees the case.

Carmen D. Conde Torres, Esq., at C. Conde & Associates, is the
Debtor's legal counsel.




=====================================
T R I N I D A D   A N D   T O B A G O
=====================================

CARIBBEAN AIRLINES: Antigua & Barbuda to Fight Expansion Plans
--------------------------------------------------------------
RJR News reports that the Antigua and Barbuda government says it
intends to fight plans by Trinidad-based Caribbean Airlines to
expand its operations into the Eastern Caribbean.

A statement issued said the government had taken note of the
scaling-up of Caribbean Airlines, including the purchase of several
ATR Aircraft with the expectation of placing them on routes
serviced by LIAT 1974 ltd, according to RJR News.

It said based on a comment by Trinidad and Tobago's Finance
Minister in parliament, it was evident, that reviving LIAT was not
an objective of that Government whose leaders are determined to
capture the aviation services that Antigua and Barbuda once
exported, the report adds.



                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C.,
USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine T.
Fernandez, Julie Anne L. Toledo, Ivy B. Magdadaro, and Peter A.
Chapman, Editors.

Copyright 2023.  All rights reserved.  ISSN 1529-2746.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Latin America subscription rate is US$775 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each.  For subscription information,
contact Peter A. Chapman at 215-945-7000.
.


                  * * * End of Transmission * * *