LATAM Airlines Group S.A. is an airline holding company headquartered in Santiago, Chile. It is considered the largest airline in Latin America with subsidiaries in Brazil, Colombia, Ecuador, Paraguay and Peru.
LATAM Airlines Group is born out of the joint operations of LAN and TAM in 2012.
TAM officially became a member of Star Alliance in 2010. In 2014, TAM joined Oneworld® Alliance.
On 7 March 2013, LATAM announced its final decision to choose Oneworld as its global airline alliance. As a result, TAM left Star Alliance during the second quarter of 2014 to join Oneworld.
LATAM Group developed a strong strategic plan for the following years, with the goal of becoming one of the most important airlines groups in the world.
On 26 September 2019, Delta Air Lines announced its plans to buy 20% of LATAM for $1.9 billion, to expand Delta's access to the Latin American market. Additionally, Delta undertook to pay LATAM's exit fee from Oneworld and to take delivery of all Airbus A350 XWB aircraft that LATAM had on order. On 1 January 2020, it was reported that Delta Air Lines’ acquisition of the 20% stake in LATAM group was completed.
The fleet is composed of modern Boeing and Airbus aircraft, acquired to provide the best onboard experience. These aircraft feature state-of-the-art design and technology, providing you with greater comfort, security, and efficiency during your journey.
LATAM Group's commercial fleet consists of comprising 296 aircraft:
The company filed for Chapter 11 bankruptcy in the United States on May 26, 2020 due to economic problems attributed to the impact of the COVID-19 pandemic on aviation. Although LATAM Airlines' headquarters are located in Chile, the carrier is an American depositary receipt and traded on both the Santiago Stock Exchange and New York Stock Exchange at the time of bankruptcy.
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