LATAM seeks export credit support for 767 and 777 aircraft

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London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

LATAM Airlines Group has requested export credit agency-backed funding for its Boeing 767 and 777 deliveries, according to the US Export Import Bank's (Ex-Im) minutes on the financing issued today.

The airline requested the support at a meeting that took place last week, says the export credit agency.

No further details about the request were provided.

LATAM Airlines Group reported a net income of $21.3 million in the third quarter.

That number excludes a one-time charge of $70.4 million tied to a rise in Chilean corporate income taxes and excludes $19.5 million in transaction-related expenses to merge LAN and TAM. The merger was completed on 22 June.

Third quarter revenues for LATAM totalled $3.3 billion, down 3.8% from $3.48 billion in the same period a year earlier.