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.

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.

Aircraft Engines Registration MSN Location
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.