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LATAM is looking for Embraer deliveries quickly to add 30 new Brazil destinations

LATAM Airlines expects to receive its E195-E2 aircraft from Embraer "relatively soon" and to be able to add up to 30 new Brazilian destinations, according to a Friday statement by an executive.

LATAM Brasil CEO Jerome Cadier said that a significant portion of the aircraft would be delivered by the end the year and another portion by 2027. The airline will decide in six months what routes the jets will serve.

The Brazilian subsidiary of LATAM, a Chilean company, is the No. The No. 1 airline in terms of market share. The carrier announced Monday that it had placed a firm order of 24 E195E2 aircraft with options to purchase another 50.

Both firms celebrated a major milestone with the deal. Embraer received a long-awaited Brazilian order for its second generation jets, while LATAM added regional planes to their fleet of Airbus narrowbodies, and Boeing widebodies.

AIRBUS CONTEST

Cadier revealed to the world last year that LATAM is considering a move.

purchasing smaller jets

Embraer's E2 aircraft and Airbus' A220 are direct competitors for the segment of up to 150 seats.

Cadier said that the A220 was more spacious and had a longer range. This would have brought it closer to LATAM's existing narrowbody aircraft. The smaller E2, with 136 seats, is better suited for the Brazilian market.

He said that the E2 was a good fit for the E2 when you consider the distances between cities and the demand of those cities. If there were many big cities, the A220 might be a better option.

Cadier didn't provide any further details on destinations LATAM might add to its domestic schedule.

EXPANSION PLANS

LATAM expects that it will continue to expand its workforce, and is aiming for a similar level of hiring in 2024, which includes pilots and cabin staff members, this year.

The company invested in a new hangar for heavy maintenance, worth 40 million reais (7.49 million dollars), at its Sao Carlos facility.

The facility was opened on Friday, one day after the rivalry between Azul and Gol had ended.

Talks on a merger

This would have made LATAM the largest airline in Brazil by market share.

Cadier stated that the merger would not have caused concern, since the antitrust watchdog CADE likely would have placed restrictions on the deal.

He said, "We never thought of a scenario where a merger like this would be approved if mitigation measures were not taken."

(source: Reuters)