LATAM immediately cutting 19 leased aircraft from fleet
LATAM Airlines Group has identified 19 leased aircraft which it will cut from its operators’ fleets, following the company’s filing for US Chapter 11 creditor protection.
Six long-haul jets – comprising two Airbus A350-900s and four Boeing 787-9s – are among the aircraft listed in the filing. The remainder is made up of various Airbus single-aisle types. Ten of the jets are Chilean-registered, the other nine are Brazilian.
LATAM’s filing states that the debtors’ fleet totals 320 aircraft of which 213 are under finance leases, another 98 are under operating leases, and nine are unencumbered.
It adds that it has been “undertaking a review” of the fleet to account for the current air transport crisis as well as future demand.
LATAM has already decided, however, that it has a number of “excess aircraft” which are “no longer accretive” to its business, adding that maintaining these unnecessary aircraft leases would impose significant insurance and servicing costs.
“As such, the debtors are seeking to reject and shed those onerous [lease] agreements,” its filing states.
It has requested rejection of the leases from 26 May, with the exception of the four 787-9s for which LATAM is seeking rejection from 3 June.
|Airbus A350-900||RR Trent XWB||PR-XTA||24||Sao Paulo GRU|
|Airbus A350-900||RR Trent XWB||PR-XTB||27||Sao Paulo GRU|
|Boeing 787-9||RR Trent 1000||CC-BGG||38461||Santiago SCL|
|Boeing 787-9||RR Trent 1000||CC-BGE||38478||Santiago SCL|
|Boeing 787-9||RR Trent 1000||CC-BGF||38479||Santiago SCL|
|Boeing 787-9||RR Trent 1000||CC-BGH||38459||Santiago SCL|
|Airbus A321||CFM56||PT-XPM||6949||Rio de Janeiro GIG|
|Airbus A321||CFM56||PT-XPN||7005||Sao Paulo GRU|
|Airbus A321||CFM56||CC-BEJ||7036||Antofagasta ANF|
|Airbus A321||CFM56||PT-XPQ||7081||Sao Paulo GRU|
|Airbus A321||CFM56||CC-BEE||6698||Santiago SCL|
|Airbus A321||CFM56||CC-BEF||6780||Santiago SCL|
|Airbus A321||CFM56||CC-BEG||6797||Santiago SCL|
|Airbus A321||CFM56||PT-XPJ||6798||Belo Horizonte CNF|
|Airbus A321||CFM56||CC-BEH||6894||Santiago SCL|
|Airbus A321||CFM56||PT-XPL||6895||Rio de Janeiro GIG|
|Airbus A321||CFM56||CC-BEI||6899||Concepcion CCP|
|Airbus A319||IAE V2500||PR-MAL||1801||Sao Carlos QSC|
|Airbus A320||IAE V2500||PR-MAZ||2513||Sao Carlos QSC|
While most of the aircraft have co-located engines, a number of airframes have powerplants which are undergoing work in maintenance facilities – such as Rolls-Royce’s centres in Hong Kong, Derby and Singapore for some of the A350s and 787s, while an A319 is listed as having one engine at Israel’s IAI and the other with Lufthansa Technik in Tulsa.
LATAM had recently cancelled orders for 10 A350-900s and -1000s according to Airbus’s backlog data for March 2020.