LATAM Airlines to spend $12.2 billion through 2020 on 166 new planes

SANTIAGO Mon May 5, 2014 3:54pm EDT

SANTIAGO May 5 (Reuters) - Latin American's largest carrier, LATAM Airlines Group, said on Monday it plans to invest $12.2 billion through 2020 on 166 new planes.

LATAM, which was created via a tie-up of Chile's LAN and Brazil's TAM in 2012, will add Boeing 787s and Airbus A320s and A350s, among others, to its fleet. (Reporting by Anthony Esposito; Editing by Steve Orlofsky)