A LATAM 767-300 arrives in São Paulo/Guarulhos. (Photo: AirlineGeeks | João Machado)

LATAM Announces Expansion of Cargo Fleet Leading to 2023

LATAM Airlines Group announced the expansion of its fleet-converted-to-cargo growth plan, under which it expects to gradually add 10 Boeing 767-300 Boeing Converted Freighters over the next three years, totaling a fleet of up to 21 aircraft of cargo by the end of 2023. The first will be received by the end of this year. Initially, LATAM's cargo fleet growth plan included four aircraft confirmed with Boeing and four conversion options. Two months after the announcement, LATAM ratified the acquisition…

Cargojet Announces New Equity Offering to Finance Aircraft Purchases

In a press release on Tuesday, Cargojet announced a $275 million equity offering aimed at growing the airline's cargo operations.  A syndicate of underwriters has agreed to purchase 1,642,000 common voting and/or variable voting shares for C$213.25 per share. With the new offering, along with the over-allotment option provided by…