LATAM Airlines could potentially buy as many as 30 aircraft from Brazilian planemaker Embraer as the carrier looks to expand operations in Latin America’s largest economy, Brazil’s ports and airports minister said on Tuesday.
Why it’s important
The local unit of Chile-based LATAM, Brazil’s No.1 airline by market share, wants to expand its fleet but faces extended narrowbody delivery times from manufacturers.
Brazil’s government has long urged local carriers to buy Embraer aircraft to boost regional aviation and strengthen the manufacturer, and has signaled that could be a requirement for it to support them financially.
Additional Context
LATAM Brazil’s head Jerome Cadier last week said the company was weighing the possibility of adding smaller aircraft to its fleet, such as Embraer’s E2 or Airbus’ A220, which compete in the regional segment for up-to-150-seat aircraft.
Cadier did not specify how many planes the carrier could add. LATAM currently flies Airbus narrowbodies and Boeing widebodies.
Key Quotes
Brazil’s Ports and Airports Minister Silvio Costa Filho told reporters that he met with LATAM CEO Roberto Alvo and Brazilian President Luiz Inacio da Silva in Chile recently to discuss the airline’s growth plans.
“They expect to grow more than 10% in the next three years and are considering a purchase of some 30 aircraft that could be from Embraer.”
“LATAM has indeed opened talks with Embraer and we have been working so they can analyze a purchase of Embraer planes. But we cannot impose a deal, that would be incomprehensible and a very bad sign for free markets.”
With information from Reuters
Related Topics
American Airlines Elevates Lounge Experience at Miami Hub
United and Chef’s Table Elevate International Business Class Dining with 11 World-Renowned Chefs
JetBlue to Expand Flights to Cartagena, Jacksonville, Dallas-Fort Worth, and Tampa from Fort Lauderdale
Delta TechOps Becomes First North American Airline MRO with Full Capability for LEAP-1A and LEAP-1B Engines
Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.
