LATAM Group has announced it plans to add 10 Boeing 767-300 converted freighters over the next three years. This will bring the fleet size to up to 21 freighters by 2023. The first aircraft will be expected to begin operations in December 2021.
The Group’s freighter fleet growth plan initially included four firm conversion orders with Boeing and another four conversion options. Two months after the initial announcement, LATAM has exercised the four options, eight planes, and the conversion of two additional Boeing 767-300ERs.
This means that the freighter fleet will be comprised of up to 21 aircraft by the end of 2023. Upon completion of the plan the Group will have almost doubled its freighter capacity as well as reduced the average fleet age from 17 to 14 years.
“The decision to expand our fleet is based on the attractive growth opportunities available, recent efficiency improvements and flexibility that the Boeing 767F freighter offers. Thanks to these elements we believe we will grow profitably, even if facing conditions similar to those that we faced before the pandemic. This expansion will allow LATAM’s cargo subsidiaries to continue responding to our customers’ needs and supporting the region’s economic growth through increased and improved connectivity,” said Andrés Bianchi, LATAM Cargo CEO.
Growing from 11 to 21 freighter planes will enable the LATAM Group’s cargo subsidiaries to expand and reinforce their capacity to, from and within South America. The first eight airplanes have been allocated to markets that are critical for key customer segments.