Delta takes over LATAM's Airbus A350 order; sells aircraft
Delta Air Lines (DL, Atlanta Hartsfield Jackson) has confirmed to Reuters that has taken over a LATAM Airlines Group order for ten A350s deliveries of which are scheduled through 2025.
The US carrier has already taken delivery of thirteen A350-900s and has a further twelve on order from Airbus (AIB, Toulouse Blagnac). In turn, LATAM, in which Delta holds a 20% stake, operates seven A350-900s through LATAM Airlines Brasil (JJ, Sao Paulo Congonhas) and had a further four A350-900s and two A350-1000s on firm order as of the end of March 2020.
LATAM significantly reduced the number of firm order A350s in March as it had four -900s and eight -1000s on order as of February 29.
Delta also said that it was working with Airbus on "delivery options across its whole order book", without explicitly confirming it was looking at deferrals. The carrier also had fifteen A220-100s, fifty A220-300s, twenty-eight A321-200s, 100 A321-200neo, and thirty A330-900s on order from the manufacturer as of February 29, 2020.
In a separate report, Bloomberg wrote that Delta entered into sales/leaseback agreements with two lessors, wherein it will pocket USD1 billion in cash. The deal with BBAM is reportedly worth USD750 million and the one with Altavair - USD250 million. The deals are expected to be formally announced next week.
According to the ch-aviation fleets advanced module, Delta does not currently lease any aircraft from BBAM. However, it leases nine B737-900(ER)s and three A330-300s from Altavair.
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