LATAM Airlines Takes Delivery Of New A321neo Aircraft, Adds 13 More To Orderbook

AerCap Holdings N.V. AER delivered the first of eight new Airbus SE EADSY A321neo aircraft to LATAM Airlines Group S.A. LTMAY. 

LATAM also placed an order for 13 additional A321neo aircraft to expand its route network further and drive its regional growth, Airbus said in a release. 

The newly delivered aircraft took off from the Airbus Delivery Center in Hamburg, Germany, to Brazil using 49% Sustainable Aviation Fuel (SAF).

The remaining aircraft are scheduled to deliver through 2023 and 2024.

"We are pleased to deliver to our longstanding customer, LATAM Airlines Group, their first A321neo aircraft," said Peter Anderson, the Chief Commercial Officer of AerCap.

Also Read: Boeing Sets Eyes On Ambitious 737 Output By Mid-2025, Thanks To Spike In Aircraft Purchases

The newly delivered A321neo for LATAM can seat up to 224 passengers and feature Airbus' Airspace XL bins in the cabin.

"This strategic move also accelerates LATAM decarbonisation trajectory as the A321neos are at least 20% more fuel-efficient, emitting 20% less CO2 and 50% less noise compared to previous generation aircraft," said Christian Scherer, Chief Commercial Officer and Head of Airbus International. 

Also See: Airbus Hits Jackpot: Hong Kong-based Cathay Pacific's $4.66B Splurge On A320neo Jets

Currently, LATAM operates 240 Airbus aircraft and is the largest Airbus operator in Latin America. In July this year, LATAM took delivery of a new Airbus A320neo, the first delivery using 30% SAF. In total, LATAM has 111 A320 Family aircraft to be delivered.

"Our fleet renewal and modernization strategy is fully aligned with our commitment to sustainability and brings us closer to the goal of becoming a carbon-neutral group by 2050," said LATAM Airlines Group CFO Ramiro Alfonsín.

Price Action: AER shares are trading lower by 2.07% to $58.30 on the last check Tuesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.