May 5, 2014 / 7:56 PM / 3 years ago

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

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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)

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