Aircraft Orders & Deliveries

LATAM Airlines Orders 120+ New Aircraft for Sustainable Growth

Published

1 year ago

15 February 2025

LATAM Airlines Secures Over 120 New Aircraft Orders, Reinforcing Growth Through 2030

LATAM Airlines Group, the largest airline group in South America, has made significant strides in its fleet expansion and modernization efforts. With over 120 new aircraft orders set for delivery through 2030, the airline is poised to strengthen its position as a leader in Latin American aviation. This strategic move not only enhances operational efficiency but also aligns with global trends in sustainable aviation.

Since January 2023, LATAM has introduced 30 newly manufactured aircraft, marking a 12% expansion of its fleet. These additions include models from the Airbus NEO family and Boeing 787 Dreamliner series, known for their advanced fuel efficiency. According to manufacturer reports, these aircraft consume approximately 20-25% less fuel compared to previous-generation models, underscoring LATAM’s commitment to reducing its carbon footprint.

The airline’s growth strategy is not just about increasing numbers; it’s about enhancing the passenger experience and expanding cargo capabilities. With a modernized fleet, LATAM is well-positioned to meet the growing demand for air travel in the region while ensuring sustainable growth.

Fleet Growth Strategy and Future Aircraft Orders

LATAM’s long-term expansion plan includes securing commitments for over 120 aircraft, a mix of direct purchases and lease agreements involving both Airbus and Boeing models. This ensures the airline’s modernization continues at a steady pace. “In a global context of aircraft and parts shortages, we are successfully expanding and renewing our fleet, ensuring that more people can fly to and from the region while advancing LATAM’s path towards net-zero emissions,” said Sebastián Acuto, Fleet and Projects Director of LATAM Airlines Group.

A major milestone in this strategy is the recent addition of 10 Boeing 787-9 aircraft, securing the final production slots for this model until 2030. This move reinforces LATAM’s status as the leading Boeing 787-9 operator in Latin America, a key component of its long-haul operations. The Boeing 787 is renowned for its efficiency and versatility, allowing LATAM to grow sustainably while reducing its carbon footprint.

LATAM’s fleet now consists of 347 aircraft, including 56 Boeing wide-body passenger jets, 268 Airbus narrow-body aircraft, and 21 cargo aircraft. This expansion has propelled a 15.1% year-over-year increase in available seat capacity (ASK) in 2024, in line with the airline’s strategic growth objectives.

“The Boeing 787 is an aircraft that stands out for its efficiency and versatility and that allows the group to continue growing sustainably, reducing its carbon footprint while boosting the growth of its operations.” – Ramiro Alfonsin, CFO of LATAM Airlines Group

Enhanced Cabin Experience and Passenger Comfort

LATAM has also focused heavily on revamping its passenger experience, rolling out cabin upgrades across its fleet. This initiative includes new seating, upgraded in-flight entertainment systems, and modernized interior designs. To date, all narrow-body aircraft have been refurbished, and 57% of the wide-body fleet has been upgraded, ensuring passengers enjoy a more comfortable and contemporary onboard experience.

Furthermore, LATAM continues to expand complimentary Wi-Fi access for LATAM Pass customers on domestic and regional routes operated by narrow-body aircraft. This service is now available on 100% of flights in Brazil and 75% of flights across subsidiaries in Chile, Peru, Colombia, and Ecuador, allowing travelers to stay connected throughout their journey.

The airline’s commitment to enhancing passenger comfort is evident in its continuous efforts to upgrade its fleet and provide modern amenities. These improvements not only enhance the travel experience but also position LATAM as a preferred choice for travelers in the region.

Cargo Fleet Expansion and Increased Freight Capacity

Beyond passenger operations, LATAM has significantly expanded its cargo division, reaching 21 dedicated freighter aircraft. This growth stems from a fleet conversion initiative launched in 2021, where the airline repurposed passenger aircraft into cargo planes. As a result, LATAM’s freight capacity has surged by approximately 70% compared to 2019, allowing it to meet rising demand for cargo transportation across the region.

The expansion of the cargo fleet is a strategic move to capitalize on the growing demand for air freight in Latin America. By converting passenger aircraft into freighters, LATAM has been able to quickly and efficiently increase its cargo capacity, ensuring it remains competitive in the global air freight market.

LATAM’s cargo division plays a crucial role in the airline’s overall growth strategy, complementing its passenger operations and contributing to its financial stability. The increased freight capacity allows LATAM to cater to a wider range of customers, from e-commerce businesses to traditional freight forwarders.

Conclusion

LATAM Airlines Group’s ambitious fleet expansion and modernization efforts underscore its commitment to sustainable growth and enhanced passenger experience. With over 120 new aircraft orders and significant upgrades to its existing fleet, LATAM is well-positioned to meet the growing demand for air travel in Latin America. The airline’s focus on fuel efficiency, passenger comfort, and cargo capacity ensures it remains a leader in the region’s aviation industry.

Looking ahead, LATAM’s strategic partnerships and continued investment in modern aircraft will play a crucial role in its long-term success. As the airline continues to expand its route network and enhance its services, it is set to unlock new opportunities for growth and innovation in the aviation sector. LATAM’s journey towards net-zero emissions and sustainable aviation practices serves as a model for the industry, highlighting the importance of balancing growth with environmental responsibility.

FAQ

Question: What is LATAM Airlines Group’s fleet expansion strategy?
Answer: LATAM’s strategy includes securing over 120 new aircraft through direct purchases and lease agreements, focusing on models from Airbus and Boeing to modernize and expand its fleet.

Question: How is LATAM enhancing passenger experience?
Answer: LATAM is upgrading its fleet with new seating, in-flight entertainment systems, and modernized interiors, along with expanding complimentary Wi-Fi access on domestic and regional flights.

Question: What is the significance of LATAM’s cargo fleet expansion?
Answer: The expansion increases LATAM’s freight capacity by 70% compared to 2019, meeting rising demand for cargo transportation and supporting the airline’s overall growth strategy.

Sources: Travel And Tour World

Aircraft Orders & Deliveries

Avolon Acquires 11 Airbus A321neo Jets from Frontier Airlines

Avolon acquires 11 A321neo delivery slots from Frontier Airlines, valued at US$1.425B, as the carrier reduces capital commitments after a 2025 net loss.

Published

3 hours ago

3 July 2026

AirPro News Team

Aircraft lessor Avolon Holdings Limited will acquire 11 Airbus A321neo aircraft originally ordered by Frontier Airlines, absorbing near-term delivery slots scheduled between November 2026 and June 2027.

The transaction was unanimously approved by the board of directors of Avolon parent company Bohai Leasing Co Ltd on June 30, 2026. The agreement allows the Dublin-based lessor to expand its narrowbody portfolio amid ongoing global supply chain constraints. For Frontier Airlines, the transfer reduces capital commitments following a financially challenging 2025 in which the United States-based ultra-low-cost carrier reported a net loss of US$137 million.

Transaction details and delivery timeline

According to a regulatory filing submitted to the Shenzhen Stock Exchange (SZSE), the 11 aircraft hold a combined list value of US$1.425 billion based on 2018 Airbus SE catalogue prices. The final purchase price remains confidential under the terms of the agreement.

The aircraft are scheduled to join the Avolon fleet between November 2026 and June 2027. These airframes are drawn from a November 14, 2021, order placed by Frontier Airlines for 91 Airbus A321neo jets.

Fleet strategy and market dynamics

The agreement highlights shifting fleet strategies among operators and lessors. Frontier Group Holdings, the parent company of Frontier Airlines, generated US$3.724 billion in revenue during 2025 but ultimately posted a US$137 million net loss. Offloading these near-term delivery slots provides the airline with a mechanism to adjust its capacity growth and financial obligations.

Avolon gains access to highly sought-after narrowbody aircraft. Original equipment manufacturer (OEM) delivery delays have constrained the supply of new aircraft, driving intense demand in the leasing market for fuel-efficient models like the Airbus A321neo.

AirPro News analysis

We view this transaction as a mutually beneficial realignment of assets driven by current macroeconomic pressures in the aviation sector. Frontier Airlines secures immediate relief from the capital expenditure required to induct 11 new aircraft over an eight-month period, which aligns with the carrier’s need to stabilize its balance sheet after its 2025 losses. Avolon secures premium, near-term delivery slots that are virtually impossible to obtain directly from Airbus at this stage. Given the persistent shortage of narrowbody lift globally, Avolon is well-positioned to place these aircraft with operators eager for capacity.

Sources: Shenzhen Stock Exchange

Photo Credit: Airbus

Aircraft Orders & Deliveries

CDB Aviation Signs 787-9 Sale Leaseback with Lufthansa

CDB Aviation completes its first direct lease with Lufthansa Airlines, covering two Boeing 787-9s with Allegris cabins.

Published

2 days ago

1 July 2026

AirPro News Team

CDB Aviation has executed a sale and leaseback agreement with Lufthansa Airlines for two Boeing 787-9 aircraft, marking the Irish lessor’s first direct leasing transaction with the German flag carrier.

Announced in a company press release on July 1, 2026, the transaction involves widebody aircraft delivered to Lufthansa in late 2025 and early 2026. The deal expands CDB Aviation, a wholly owned subsidiary of China Development Bank Financial Leasing Co., Ltd., into a direct relationship with a top-tier European credit while adding new-technology assets to its portfolio.

Transaction details and delivery timeline

The two Boeing 787-9s involved in the agreement feature Lufthansa’s new Allegris cabin configuration. The lessor is acquiring the aircraft specifically from Lufthansa Asset Management Leasing GmbH, the airline’s dedicated asset management entity.

The leaseback arrangement, structured under operating leases, is expected to close by mid-July 2026. This timeline aligns with CDB Aviation’s broader strategy to grow its aviation leasing assets under Hong Kong listing rules, securing long-term placements for highly liquid aircraft types.

Expanding the Lufthansa Group relationship

While this agreement represents the first direct aircraft lease between CDB Aviation and Lufthansa Airlines, the lessor has an established history with the broader corporate group. CDB Aviation previously executed aircraft sales to Lufthansa Group sister carriers Austrian Airlines and Eurowings, and has also conducted business with Lufthansa’s engine leasing division.

Gavan Daly, Head of Commercial for Europe, the Middle East, and Africa at CDB Aviation, highlighted the strategic value of formalizing a direct lease with the mainline carrier.

“This sale and leaseback agreement with Lufthansa represents a key transaction for CDB Aviation, as we continue to grow the portfolio with top-tier credits and new technology, liquid assets.”

AirPro News analysis

We view this transaction as a standard but strategic portfolio enhancement for CDB Aviation, aligning with the broader industry trend of lessors targeting highly liquid, new-generation widebody aircraft. Securing a direct lease with Lufthansa Airlines diversifies the lessor’s European footprint while providing the airline with capital flexibility following its recent fleet modernization investments. The Boeing 787-9 remains a highly sought-after asset in the secondary market, minimizing residual value risk for the lessor over the life of the operating lease.

Sources: CDB Aviation

Photo Credit: Lufthansa Group

Aircraft Orders & Deliveries

BOC Aviation Signs A350-1000 Leaseback Deal With Qatar Airways

BOC Aviation finalizes a purchase and leaseback of three Airbus A350-1000s with Qatar Airways, its first financing of the type for the carrier.

Published

2 days ago

1 July 2026

AirPro News Team

BOC Aviation Limited has finalized a purchase and leaseback agreement with Qatar Airways for three Airbus A350-1000 aircraft, marking the lessor’s first financing of the widebody type for the Doha-based carrier.

Announced in a press release on June 30, 2026, the transaction involves aircraft that were originally delivered to the airline in late 2025. The long-term operating leases expand BOC Aviation’s widebody portfolio while providing liquidity to Qatar Airways as the airline continues its network restoration efforts.

Transaction details and fleet integration

The three Airbus A350-1000 aircraft are powered by Rolls-Royce Trent XWB-97 engines. According to a regulatory filing with the Hong Kong Stock Exchange (HKEx), the formal agreement was executed on June 29, 2026.

BOC Aviation Chief Executive Officer and Managing Director Steven Townend highlighted the strategic nature of the deal.

“We deliberately strengthened our liquidity position earlier this year with transactions of this quality in mind and we are delighted to deploy that capacity in support of one of our largest and most valued customers,” Townend stated.

The lessor noted that this agreement builds on a long-standing partnership with Qatar Airways. As of March 31, 2026, BOC Aviation reported a portfolio of 813 owned, managed, and on-order aircraft and engines, leased to 88 airlines globally.

Qatar Airways operational context

The leaseback arrangement follows a period of executive restructuring and operational recovery for Qatar Airways. On June 18, 2026, the airline reported that its network had been restored to 85 percent of pre-crisis levels.

The carrier, which operates an active fleet of approximately 230 aircraft, also recently created two new executive roles to focus on operations and customer experience. According to reporting by Aviation Week, this follows a sudden leadership transition in December 2025, when Hamad Ali Al-Khater was appointed Group Chief Executive Officer, succeeding Badr Mohammed Al-Meer.

AirPro News analysis

We view this purchase and leaseback agreement as a standard capital management maneuver for Qatar Airways, allowing the carrier to free up balance sheet liquidity tied up in its late-2025 widebody deliveries. For BOC Aviation, securing three high-value Airbus A350-1000 assets on long-term leases with a premium Gulf carrier aligns with the lessor’s stated strategy of deploying its strengthened capital reserves into low-risk, high-yield widebody assets. The transaction underscores the ongoing reliance of major network carriers on the sale-and-leaseback market to optimize capital structures during periods of network expansion.

Sources: BOC Aviation

Photo Credit: Airbus