LATAM Airlines Group announced on August 6, 2024, that it is planning to invest US$2 billion in Brazil within the next couple of years.
The announcement was made following a meeting between the airline’s executive team, headed by its CEO Roberto Alvo, and Brazilian President Luiz Inacio Lula da Silva.
This multi-billion-dollar investment will be spread out over many different products, technologies and services not yet detailed by the airline.
LATAM Airlines also plans to further develop its maintenance, repair, and overhaul (MRO) capabilities in Brazil, where it has a large maintenance center in Sao Carlos, in Sao Paulo state, that services 60% of its fleet.
It is in this context that LATAM Airlines also signed a Memorandum of Understanding (MoU) with Brazil’s “Ministerio de Trabajo y Empleo” (MTE) (the country’s labor and employment ministry) in order to facilitate the training of MRO technicians.
The Latin American airline group is also reported to be in discussions with Brazilian aircraft manufacturer Embraer with a view to acquiring new aircraft, presumably E190/195 E2s.
