Delta Cancels A350 Purchase From LATAM, Continues Joint-Venture Despite LATAM’s Chapter 11 Bankruptcy Filing

Delta Air Lines DAL and LATAM have modified their partnership agreement as Latin America’s largest airline group files for Chapter 11 bankruptcy restructuring. Delta will pay LATAM $62 million for cancelling their agreement for Delta to purchase four of LATAM’s already delivered Airbus A350 aircraft, LATAM said in a court filing. The four A350s were part of Delta and LATAM’s 2019 partnership agreement that also saw Delta takeover 10 of LATAM’s future A350 deliveries. The change involving the 10… (www.forbes.com) More...