LATAM Cargo Chile

Air Lease Corporation Announces Delivery of First of Eight New Airbus A321 Aircraft to LATAM Airlines

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Tuesday, November 21, 2023
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Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to LATAM Airlines.

Key Points: 
  • Today Air Lease Corporation (NYSE: AL) announced one new Airbus A321-200neo aircraft delivered to LATAM Airlines.
  • This A321-200neo aircraft is the first of eight new Airbus A321s confirmed to deliver to the South American carrier from ALC’s order book with Airbus.
  • “ALC is pleased to announce our first A321-200neo delivery to LATAM Airlines today,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation.
  • About Air Lease Corporation (NYSE: AL)
    Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.

LATAM group completes restructuring and emerges with solid financial position and most extensive network in South America

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Thursday, November 3, 2022
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Having maintained its leading position while achieving significant cost savings, LATAM has emerged from the reorganization as a more efficient group, with a modernized fleet, the most extensive network of connections in South America, and the continents largest loyalty program.

Key Points: 
  • Having maintained its leading position while achieving significant cost savings, LATAM has emerged from the reorganization as a more efficient group, with a modernized fleet, the most extensive network of connections in South America, and the continents largest loyalty program.
  • We are pleased that we have completed a significant transformation and emerged from our financial restructuring process with a strengthened financial position and a renewed commitment to operational excellence.
  • Frequent Flyer Program: With 39 million members, LATAM Pass is the largest loyalty program in South America and the seventh largest worldwide.
  • On November 15, 2022, an Extraordinary Shareholders' Meeting (EGM) will be held to renew LATAM Airlines Group SAs Board of Directors.

LATAM Receives US Court and Shareholder Approval on Plan of Reorganization, Secures Exit Financing and Moves Forward With Plan Implementation Requirements

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Wednesday, August 10, 2022
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At the end of the second quarter, LATAM reported losses of US$523.2 million.

Key Points: 
  • At the end of the second quarter, LATAM reported losses of US$523.2 million.
  • During the period, LATAM Group obtained the approval of its Reorganization Plan by the United States Bankruptcy Court and secured its exit financing.
  • This announcement was made collaboratively and in association with other industry players after signing a letter of intent with Airbus.
  • Finally, LATAM added new alliances to its Solidarity Plane program by signing cooperation agreements with ANIQUEM in Peru and Firefighters of Chile.

U.S. Court approves LATAM's Reorganization Plan

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Sunday, June 19, 2022
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Backed by nearly all of LATAM's creditors, the Plan is the result of months of negotiations among major stakeholders, which included an extensive mediation period.

Key Points: 
  • Backed by nearly all of LATAM's creditors, the Plan is the result of months of negotiations among major stakeholders, which included an extensive mediation period.
  • The confirmation order issued today by the U.S. Court represents the latest milestone in the U.S. Chapter 11 process initiated by LATAM to ensure its long-term sustainability.
  • We are very satisfied with the judge's confirmation of our restructuring plan.
  • Once effective, the LATAM Plan will inject approximately US$8 billion through a combination of a capital increase, the issuance of convertible bonds and new debt.

LATAM Cargo, the top South American carrier, goes live with eBookings on WebCargo

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Friday, June 17, 2022
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HONG KONG, June 17, 2022 /PRNewswire/ -- Over the past three years, air cargo has undergone a digital revolution, driving more reliable, accurate, and accessible supply chains. This is particularly important in South America, which exports approximately $1 trillion of goods annually.

Key Points: 
  • Digital Air Cargo is expanding to South America with LATAM Cargo, the largest South American carrier, offering real-time pricing and booking for forwarders on WebCargo, a leading global cargo booking platform.
  • LATAM Cargo, which offers services to over 135 destinations in more than 20 countries, is the first South American carrier to go live on WebCargo.
  • Real-time bookings with LATAM Cargo are already available for WebCargo customers on 27 lanes with the possibility of connecting in South America.
  • LATAM Cargo Chile, LATAM Cargo Colombia and LATAM Cargo Brazil are the cargo subsidiaries of LATAM Airlines.

Intelsat to Provide Inflight Connectivity Service to LATAM Airlines' new Airbus Fleet

Retrieved on: 
Monday, February 7, 2022
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When completed the entire fleet of LATAM narrow body aircraft will be served by Intelsats IFC service.

Key Points: 
  • When completed the entire fleet of LATAM narrow body aircraft will be served by Intelsats IFC service.
  • At Intelsat, our mission is to provide quality, reliable connectivity for work and entertainment which is essential for airline partners and passengers alike, commented Dave Bijur, senior vice president of Commercial for Intelsat Commercial Aviation.
  • This includes a new fleet of software-defined satellites (SDS) to meet airline passenger demand for streaming-quality inflight connectivity.
  • LATAM Cargo Chile, LATAM Cargo Colombia, and LATAM Cargo Brazil are the LATAM Airlines freight subsidiaries.