Latam Airlines Goes Small, Aiming Big With Regional Growth Plans

Latin America’s largest airline is expanding by going small, looking for growth in those second or third-tier cities in the region that are currently poorly served, said Latam Airlines Chief Executive Officer Roberto Alvo.

The company, which briefly became the largest on the Chile stock exchange in August, signed an accord to buy as many as 74 narrowbody aircraft from Brazil’s Embraer on Monday, 24 of which are firm deliveries and 50 are purchase options.

The agreement highlights just how fast Latam has bounced back from its Chapter 11 bankruptcy restructuring in 2020, while regional peers struggle to regain ...