LATAM Airlines needs financing for the five Airbus A320neo deliveries that it is scheduled to take in the second half of 2017.
The aircraft, as well as four widebodies, are among the $728 million in aircraft capital expenditures that the Chilean carrier anticipates in 2017, a presentation posted by the airline shows.
LATAM has financed narrowbody aircraft with commercial bank debt, secured enhanced equipment trust certificates (EETCs) and sale-and-leasebacks (SLBs) in the past.
The airline will finance three of the widebodies it expects next year, two Airbus A350-900s and one Boeing 787-9, with SLBs. The remaining 787-9 delivery is under a direct lease.
The Flight Fleets Analyzer shows LATAM taking two 787-9s on direct leases from AerCap in 2017, however, a LATAM spokesman said in August that the carrier will not take delivery of these aircraft next year.
LATAM anticipates $1.34 billion in aircraft capital expenditures for 17 aircraft in 2018, the presentation shows. The deliveries include five A320neos, six Airbus A321neos, two A350-900s and four 787-9s.
The airline has arranged SLB financing for the two A350s due in 2018 but has yet to commit financing for its remaining aircraft deliveries that year.
LATAM was not immediately available for comment on the presentation.
Source: Cirium Dashboard
