Exhibit 4.1.8

AMENDMENT No. 14

TO
THE

SECOND A320 FAMILY PURCHASE AGREEMENT

BETWEEN

LATAM AIRLINES GROUP
S.A.

(formerly known as LAN AIRLINES S.A.)

AND

AIRBUS S.A.S.



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 14 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 1
/10 |  | 





---

This amendment No.14 to the Second A320 Family Purchase Agreement (as defined below) is entered into as of
31 March, 2014, by and between

AIRBUS S.A.S., having its principal office at:

1 Rond-Point Maurice Bellonte

31707 BLAGNAC-CEDEX

FRANCE

(hereinafter referred to as the
Seller) of the one part

AND

LATAM
AIRLINES GROUP S.A. (formerly known as LAN AIRLINES S.A.) having its principal office at:

Edificio Huidobro

Avenida Presidente Riesco 5711- 20th Floor

Las Condes

SANTIAGO

CHILE

(hereinafter referred to as the Buyer) of the other part.

The Buyer and the Seller being collectively referred to as the Parties and individually as a Party



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 14 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 2
/10 |  | 





---

WHEREAS



|A. | The Buyer and the Seller entered into an A320 family purchase agreement dated March 20th, 1998 covering the purchase by the Buyer and the sate by the Seller of twenty (20) A320 family aircraft bearing rank
numbers 1 to 20. By an amendment No.1 to such purchase agreement entered into by the Buyer and the Seller on February 24th.,2000 the number of A320 family aircraft to be purchased by the Buyer pursuant to such purchase agreement was increased
to twenty five (25), with the additional five (5) A320 family aircraft bearing rank numbers 21 to 25. Such twenty five (25) A320 family aircraft are hereinafter referred to as the Original A320 Family Aircraft, and such
purchase agreement, amendment No.1, and all exhibits, appendices and letter agreements thereto are together referred to as the Original A320 Family Purchase Agreement.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B. | The Buyer and the Seller entered into a deed of amendment and restatement of the Original A320 Family Purchase Agreement, dated August 2nd, 2000, dividing the Original A320 Family Purchase Agreement into two
(2) separate purchase agreements, the first agreement concerning the Original A320 Family Aircraft bearing rank numbers 1 to 20, and the second agreement concerning the Original A320 Family Aircraft bearing rank numbers 21 to 25. The second
agreement as supplemented with all exhibits and appendices thereto is hereinafter referred to as the Second A320 Family Purchase Agreement.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|C. | The Buyer and the Seller entered into an amendment No.1 to the Second A320 Family Purchase Agreement dated November 14th 2003 (the Amendment No.1) modifying certain provisions of the Second A320
Family Purchase Agreement.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|D. | The Buyer and the Seller entered into an amendment No.2 to the Second A320 Family Purchase Agreement dated October 4th, 2005 (the Amendment No.2) covering the purchase by the Buyer and the sale
by the Seller of twenty five (25) additional firm A320 family aircraft comprising twenty (20) A318-100, one (1) A319-100 and four (4) A320-200 aircraft type (the Additional Aircraft).
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|E. | The Buyer and the Seller entered into an amendment No.3 to the Second A320 Family Purchase Agreement dated March 6th, 2007 (the Amendment No.3) covering the conversion of fifteen (15) Option
Aircraft (as defined in the Amendment No.2) into firmly ordered Converted Aircraft (as defined in Amendment No.3).
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|F. | The Buyer and the Seller entered into an amendment No. 4 to the Second A320 Family Purchase Agreement dated June 11th, 2008 (the Amendment No.4) covering the conversion of five
(5) A318-100 Additional Aircraft bearing rank Nos. 26 to 30 as set forth in Amendment No.2 and three (3) A318-100 Converted Aircraft bearing rank Nos. 37, 40 and 43 as set form in Amendment No.3, into A319 aircraft type.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|G. | The Buyer and the Seller entered into an amendment No. 5 to the Second A320 Family Purchase Agreement dated December 23rd 2009 (the Amendment No.5) covering the order of thirty
(30) incremental A319-100 and A320-200 aircraft (the Incremental Aircraft) and amending certain provisions of the Second A320 Family Purchase Agreement.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 14 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 3
/10 |  | 





---

|H. | [***]
|-- | -----



|I. | The Buyer and the Seller entered into an amendment No. 6 to the Second A320 Family Purchase Agreement dated May 10th, 2010 (the Amendment No.6) covering the conversion of the aircraft type of
three (3) A319-100 First Batch of Incremental Aircraft (as defined in the Amendment No.5) into firmly ordered A320-200 First Batch Incremental Aircraft and the advancement of the scheduled delivery positions of Two (2) Aircraft from the
First Batch of Incremental Aircraft and Eleven (11) Aircraft from the Second Batch of Incremental Aircraft (as defined in the Amendment No.5).
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|J. | The Buyer and the Seller entered into an amendment No. 7 to the Second A320 Family Purchase Agreement dated May 19th, 2010 (the Amendment No.7) covering the advancement of the scheduled
delivery positions of Three (3) Converted Aircraft.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|K. | The Buyer and the Seller entered into an amendment No. 8 to the Second A320 Family Purchase Agreement dated September 23rd, 2010 (the Amendment No.8) covering (i) the advancement of the
scheduled delivery positions of Two (2) Aircraft from the First Batch of Incremental Aircraft and Two (2) Aircraft from the Second Batch of Incremental Aircraft and (ii) the conversion of the aircraft type of one (1) A319-100
from the Second Batch of Incremental Aircraft into firmly ordered A320-200 from the Second Batch Incremental Aircraft.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|L. | The Buyer and the Seller entered into an amendment No. 9 to the Second A320 Family Purchase Agreement dated December 21st 2010 (the Amendment
No.9) covering the order of fifty (50) incremental A319-100, A320-200 and A321-200 aircraft, and, amending certain provisions of the Second A320 Family Purchase Agreement.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|M. | [***]
|-- | -----



|N. | The Buyer and the Seller entered into an amendment No. 10 to the Second A320 Family Purchase Agreement dated June 10th 2011 (the Amendment
No.10) covering (i) the conversion of certain Aircraft type, (ii) the Sharklets selection for certain Aircraft, and (iii) the notification of the scheduled delivery months for the Aircraft scheduled to be delivered in the fourth
quarter 2012 and the first quarter 2013.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|O. | The Buyer and the Seller entered into an amendment No. 11 to the Second A320 Family Purchase Agreement (the Amendment No.11) covering (i) the postponement of certain Aircraft scheduled
delivery position, and (ii) the conversion of certain Aircraft type.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|P. | The Buyer and the Seller entered into amendment No. 12 to the Second A320 Family Purchase Agreement (the Amendment No.12) covering (i) the conversion of three (3) Aircraft type with
rank number 61, rank number 63 and rank number 80, (ii) the identification of certain Aircraft as Sharklet installed Aircraft and others as Sharklet Capable Aircraft, and (iii) the notification of the Scheduled Delivery Month for certain
Aircraft.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 14 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 4
/10 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|Q. | The Buyer and the Seller entered into amendment No. 13 to the Second A320 Family Purchase Agreement (the Amendment No. 13) covering, among other related commercial matters, (i) the
conversion of certain Aircraft type and (ii) the postponement of certain Aircraft scheduled delivery months/quarters.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|R. | The Buyer and the Seller wish to enter into this amendment No. 14 to the Second A320 Family Purchase Agreement (the Amendment No. 14) covering the [***] of the Scheduled Delivery Month of
one Aircraft.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

NOW IT IS HEREBY AGREED AS FOLLOWS:



|0. | DEFINITIONS
|-- | -----------



|0.1. | The terms herein, hereof, and hereunder and words of similar import refer to this Amendment No. 14 and capitalized terms used herein and not otherwise defined in this Amendment
No. 14 will have the meanings assigned to them in the Purchase Agreement (as defined below).
|---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|0.2. | Purchase Agreement means the Second A320 Family Purchase Agreement together with Amendments Nos. 1 to 13 thereto.
|---- | -----------------------------------------------------------------------------------------------------------------



|1. | SCOPE
|-- | -----



|1.1 | The Buyer has requested and the Seller has agreed to hereby [***] the Scheduled Delivery Month of one Aircraft as set forth in Clause 2 below.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------



|1.2 | [***]
|--- | -----



|2. | AIRCRAFT RESCHEDULING
|-- | ---------------------



|2.1 | The Parties agree to [***] the Scheduled Delivery Month of Aircraft rank 101 from [***]
|--- | ---------------------------------------------------------------------------------------



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 14 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 5
/10 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|2.2 | The following table sets out the rescheduling described in clause 2.1 above here below:
|--- | ---------------------------------------------------------------------------------------



|            |  |                                  |  |                                  |  |                        |  |                       |  |                          
|----------- |  | -------------------------------- |  | -------------------------------- |  | ---------------------- |  | --------------------- |  | -------------------------
|Rank
number |  | Original ScheduledDelivery Month |  | Revised
Scheduled
Delivery Month |  | Original
Aircraft Type |  | Revised
Aircraft Type |  | Aircraft Batch           
|101         |  | [***]                            |  | [***]                            |  | A321-200               |  | A321-200              |  | 2010 incremental Aircraft



|3. | DELIVERY SCHEDULE
|-- | -----------------

With reference to Aircraft bearing rank numbers 46 to 125, the
Parties hereby agree to delete clause 9.1 of the Second A320 Family Purchase Agreement, as substituted by clause 2.1.1 of Amendment No.5, clause 2 of Amendment No.7, clauses 2 and 3 of Amendment No.8, clause 2.1.1 of Amendment No.9, clause 5 of
Amendment No.10, clause 4 of Amendment No.11, clause 5 of Amendment No.12 and clause 5 of Amendment No.13, in its entirely and replace it with the following:

QUOTE

9.1 Delivery schedule

9.1.1 Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller shall have the Aircraft ready for Delivery at the Delivery
Location in accordance with the following schedule:



|                                                         |  |            |  |  |              |  |  |                     |          |  |  |                                     
|-------------------------------------------------------- |  | ---------- |  |  | ------------ |  |  | ------------------- | -------- |  |  | ------------------------------------
|Scheduled Delivery Months
or Scheduled Delivery
Quarters |  | Ranknumber |  |  | Aircrafttype |  |  | Aircraft defined as
|2011                                                     |  | July       |  |  | 53           |  |  |                     | A320-200 |  |  | First Batch of Incremental Aircraft 
|                                                         |  | July       |  |  | 55           |  |  |                     | A320-200 |  |  | First Batch of Incremental Aircraft 
|                                                         |  | August     |  |  | 46           |  |  |                     | A320-200 |  |  | First Batch of Incremental Aircraft 
|                                                         |  | September  |  |  | 47           |  |  |                     | A320-200 |  |  | First Batch of Incremental Aircraft 
|                                                         |  | October    |  |  | 48           |  |  |                     | A320-200 |  |  | First Batch of Incremental Aircraft 
|                                                         |  | November   |  |  | 49           |  |  |                     | A320-200 |  |  | First Batch of Incremental Aircraft 
|                                                         |  | November   |  |  | 50           |  |  |                     | A320-200 |  |  | First Batch of Incremental Aircraft 
|                                                         |  | October    |  |  | 51           |  |  |                     | A319-100 |  |  | First Batch of Incremental Aircraft 
|                                                         |  | November   |  |  | 52           |  |  |                     | A320-200 |  |  | First Batch of Incremental Aircraft 
|                                                         |  | December   |  |  | 62           |  |  |                     | A320-200 |  |  | First Batch of Incremental Aircraft 
|2012                                                     |  | January    |  |  | 54           |  |  |                     | A319-100 |  |  | Second Batch of Incremental Aircraft
|                                                         |  | March      |  |  | 76           |  |  |                     | A319-100 |  |  | 2010 Incremental Aircraft           
|                                                         |  | April      |  |  | 64           |  |  |                     | A320-200 |  |  | Second Batch of Incremental Aircraft
|                                                         |  | May        |  |  | 66           |  |  |                     | A320-200 |  |  | Second Batch of Incremental Aircraft
|                                                         |  | June       |  |  | 77           |  |  |                     | A320-200 |  |  | 2010 Incremental Aircraft           
|                                                         |  | July       |  |  | 78           |  |  |                     | A320-200 |  |  | 2010 Incremental Aircraft           
|                                                         |  | July       |  |  | 65           |  |  |                     | A320-200 |  |  | Second Batch of Incremental Aircraft
|                                                         |  | August     |  |  | 67           |  |  |                     | A320-200 |  |  | Second Batch of Incremental Aircraft
|                                                         |  | September  |  |  | 79           |  |  |                     | A320-200 |  |  | 2010 Incremental Aircraft           
|                                                         |  | October    |  |  | 80           |  |  |                     | A320-200 |  |  | 2010 Incremental Aircraft           
|                                                         |  | November   |  |  | 68           |  |  |                     | A320-200 |  |  | Second Batch of Incremental Aircraft
|                                                         |  | December   |  |  | 69           |  |  |                     | A320-200 |  |  | Second Batch of Incremental Aircraft



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 14 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 6
/10 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

| |       |  |  |          |  |  |     |  |  |  |          |  |  |                                     
| | ----- |  |  | -------- |  |  | --- |  |  |  | -------- |  |  | ------------------------------------
| | 2013  |  |  | January  |  |  | 82  |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | January  |  |  | 81  |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | February |  |  | 56  |  |  |  | A320-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | February |  |  | 71  |  |  |  | A320-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | April    |  |  | 83  |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | April    |  |  | 84  |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | May      |  |  | 73  |  |  |  | A320-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | May      |  |  | 85  |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | July     |  |  | 58  |  |  |  | A320-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | July     |  |  | 59  |  |  |  | A320-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | August   |  |  | 74  |  |  |  | A320-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | October  |  |  | 60  |  |  |  | A320-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | November |  |  | 75  |  |  |  | A320-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | December |  |  | 70  |  |  |  | A320-200 |  |  | Second Batch of Incremental Aircraft
| | 2014  |  |  | January  |  |  | 81  |  |  |  | A320-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | February |  |  | 86  |  |  |  | A320-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | February |  |  | 87  |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | April    |  |  | 57  |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | May      |  |  | 88  |  |  |  | A321-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | June     |  |  | 89  |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | June     |  |  | 90  |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | June     |  |  | 91  |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | July     |  |  | 63  |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | December |  |  | 94  |  |  |  | A321-200 |  |  | Second Batch of Incremental Aircraft
| |       |  |  | December |  |  | 98  |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  | December |  |  | 101 |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 102 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| | [***] |  |  | [***]    |  |  | 104 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 105 |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 106 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 107 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 108 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 109 |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 110 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 111 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 112 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 113 |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 114 |  |  |  | A319-100 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 115 |  |  |  | A319-100 |  |  | 2010 Incremental Aircraft           
| | [***] |  |  | [***]    |  |  | 116 |  |  |  | A319-100 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 92  |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 117 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
| |       |  |  |          |  |  | 118 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 14 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 7
/10 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|      |  |  |       |  |  |  |     |  |  |  |          |  |  |                                     
|----- |  |  | ----- |  |  |  | --- |  |  |  | -------- |  |  | ------------------------------------
|      |  |  | [***] |  |  |  | 119 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
|      |  |  |       |  |  |  | 120 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
|      |  |  |       |  |  |  | 121 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
|      |  |  |       |  |  |  | 122 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
|      |  |  |       |  |  |  | 123 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
|      |  |  |       |  |  |  | 124 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
|      |  |  |       |  |  |  | 125 |  |  |  | A320-200 |  |  | 2010 Incremental Aircraft           
|      |  |  |       |  |  |  | 93  |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
|      |  |  |       |  |  |  | 72  |  |  |  | A321-200 |  |  | Second Batch of Incremental Aircraft
|      |  |  |       |  |  |  | 95  |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
|[***] |  |  | [***] |  |  |  | 96  |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
|      |  |  |       |  |  |  | 97  |  |  |  | A321-200 |  |  | 2010 Incremental Aircraft           
|      |  |  |       |  |  |  | 99  |  |  |  | A321-200 |  |  | 2010 incremental Aircraft           
|      |  |  |       |  |  |  | 100 |  |  |  | A321-200 |  |  | 2010 incremental Aircraft           
|      |  |  |       |  |  |  | 103 |  |  |  | A321-200 |  |  | 2010 incremental Aircraft           



|9.1.2 | [***]
|----- | -----



|9.1.3 | [***]
|----- | -----

UNQUOTE



|4. | EFFECT OF THE AMENDMENT
|-- | -----------------------



|4.1 | This Amendment No.14 contains the entire agreement between the Parties with respect to the subject matter hereof and supersedes any previous understanding, commitments or representations whatsoever, whether oral or
written.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.2 | The Purchase Agreement shall be deemed amended to the extent provided in this Amendment No.14 and, except as specifically amended hereby, shall continue in full force and effect in accordance with its original terms.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.3 | The Parties agree that this Amendment No.14 shall constitute an integral, non-severable part of the Purchase Agreement and be governed by all of its provisions.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.4 | In the event of any inconsistency between the terms and conditions of the Purchase Agreement and those of the present Amendment No.14, the latter shall prevail to the extent of such inconsistency, whereas the part not
concerned by such inconsistency shall remain in full force and effect.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 14 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 8
/10 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|4.5 | This Amendment No.14 will not be modified or varied except by an instrument in writing executed by both Parties.
|--- | ----------------------------------------------------------------------------------------------------------------



|4.6 | Each of the Parties hereto agree that the provisions of this Amendment No.14 are personal to it and will not without the prior written consent of the other Parties disclose such information to any other Party. However.
[***]
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.7 | The Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall govern the assignability and transferability of each Partys rights and obligations under this Amendment No.14.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.8 | This Amendment No.14 may be signed by the Parties hereto in separate counterparts, each of which when so signed and delivered will be an original, but all such counterparts will together constitute but one and the same
instrument.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.9 | This Amendment No.14 shall be governed by and construed in accordance with the laws of England.
|--- | -----------------------------------------------------------------------------------------------





|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 14 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 9
/10 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

IN WITNESS WHEREOF this Amendment No.14 to the Second A320 Family Purchase Agreement was duly entered into the
day and year first above written.



|                     |  |  |  |                     
|-------------------- |  |  |  | --------------------
|Agreed and Accepted  |  |  |  | Agreed and Accepted 
|For and on behalf of |  |  |  | For and on behalf of



|                          |  |      |  |              |  |       |  |                           
|------------------------- |  | ---- |  | ------------ |  | ----- |  | --------------------------
|LATAM AIRLINES GROUP S.A. |  |      |  | AIRBUS S.A.S
|                          |  |      |  |             
|                          |  | LOGO |  |              |  | By:   |  | /s/ Patrick de Castelbajac
|                          |  |      |  |              |  | Its:  |  | Vice President Contracts  
|                          |  |      |  |              |  | Date: |  |                           
|                          |  |     
|LATAM AIRLINES GROUP S.A. |  |      |  |             



LOGO



|                                              |  |        |  | 
|--------------------------------------------- |  | ------ |  | 
|A320F - LAN - AMDT 14 - Second A320 Family PA |  |       
|Ref: CT1202039                                |  | 10
/10 |  | 





---

AMENDMENT No. 15

TO THE

SECOND A320 FAMILY
PURCHASE AGREEMENT

BETWEEN

LATAM AIRLINES GROUP S.A.

(formerly known as LAN AIRLINES S.A.)

AND

AIRBUS S.A.S.



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 1/11 |  | 





---

This amendment No. 15 to the Second A320 Family Purchase Agreement (as defined below) is entered into as of
16 May, 2014, by and between

AIRBUS S.A.S., having its principal office at:

1 Rond-Point Maurice Bellonte

31707 BLAGNAC-CEDEX

FRANCE

(hereinafter referred to as the
Seller) of the one part

AND

LATAM
AIRLINES GROUP S.A. (formerly known as LAN AIRLINES S.A.) having Its principal office at:

Edificlo Huidobro

Avenida Presidente Riesco 5711- 20th Floor

Las Condes

SANTIAGO

CHILE

(hereinafter referred to as the Buyer)
of the other part.

The Buyer and the Seller being collectively referred to as the Parties and individually as a Party



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 2/11 |  | 





---

WHEREAS



|A. | The Buyer and the Seller entered into an A320 family purchase agreement dated March 20th, 1998 covering the purchase by the Buyer and the sale by the
Seller of twenty (20) A320 family aircraft bearing rank numbers 1 to 20. By an amendment No.1 to such purchase agreement, entered into by the Buyer and the Seller on February 24th, 2000
the number of A320 family aircraft to be purchased by the Buyer pursuant to such purchase agreement was increased to twenty five (25), with the additional five (5) A320 family aircraft bearing rank numbers 21 to 25. Such twenty five
(25) A320 family aircraft are hereinafter referred to as the Original A320 Family Aircraft, and such purchase agreement, amendment No.1, and all exhibits, appendices and letter agreements thereto are together referred to as
the Original A320 Family Purchase Agreement.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B. | The Buyer and the Seller entered into a deed of amendment and restatement of the Original A320 Family Purchase Agreement, dated August 2nd, 2000, dividing
the Original A320 Family Purchase Agreement into two (2) separate purchase agreements, the first agreement concerning the Original A320 Family Aircraft bearing rank numbers 1 to 20, and the second agreement concerning the Original A320 Family
Aircraft bearing rank numbers 21 to 25. The second agreement as supplemented with all exhibits and appendices thereto is hereinafter referred to as the Second A320 Family Purchase Agreement.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|C. | The Buyer and the Seller entered into an amendment No.1 to the Second A320 Family Purchase Agreement dated November 14th 2003 (the Amendment
No.1) modifying certain provisions of the Second A320 Family Purchase Agreement.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|D. | The Buyer and the Seller entered into an amendment No.2 to the Second A320 Family Purchase Agreement dated October 4th, 2005 (the Amendment
No.2) covering the purchase by the Buyer and the sale by the Seller of twenty five (25) additional firm A320 family aircraft comprising twenty (20) A318-100, one (1) A319-100 and four (4) A320-200 aircraft type (the
Additional Aircraft).
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|E. | The Buyer and the Seller entered into an amendment No.3 to the Second A320 Family Purchase Agreement dated March 6th, 2007 (the Amendment
No.3) covering the conversion of fifteen (15) Option Aircraft (as defined in the Amendment No.2) into firmly ordered Converted Aircraft (as defined in Amendment No.3).
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|F. | The Buyer and the Seller entered into an amendment No. 4 to the Second A320 Family Purchase Agreement dated June 11th, 2008 (the Amendment
No.4) covering the conversion of five (5) A318-100 Additional Aircraft bearing rank Nos. 26 to 30 as set forth in Amendment No.2 and three (3) A318-100 Converted Aircraft bearing rank Nos. 37, 40 and 43 as set forth in Amendment
No.3, into A319 aircraft type.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|G. | The Buyer and the Seller entered into an amendment No. 5 to the Second A320 Family Purchase Agreement dated December 23rd 2009 (the
Amendment No.5) covering the order of thirty (30) incremental A319-100 and A320-200 aircraft (the Incremental Aircraft) and amending certain provisions of the Second A320 Family Purchase Agreement.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 3/11 |  | 





---

|H. | [ *** ]
|-- | -------



|I. | The Buyer and the Seller entered into an amendment No. 6 to the Second A320 Family Purchase Agreement dated May 10th, 2010 (the Amendment
No.6) covering the conversion of the aircraft type of three (3) A319-100 First Batch of Incremental Aircraft (as defined in the Amendment No.5) into firmly ordered A320-200 First Batch Incremental Aircraft and the advancement of the
scheduled delivery positions of Two (2) Aircraft from the First Batch of Incremental Aircraft and Eleven (11) Aircraft from the Second Batch of Incremental Aircraft (as defined in the Amendment No.5).
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|J. | The Buyer and the Seller entered into an amendment No. 7 to the Second A320 Family Purchase Agreement dated May 19th, 2010 (the Amendment
No.7) covering the advancement of the scheduled delivery positions of Three (3) Converted Aircraft.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|K. | The Buyer and the Seller entered into an amendment No. 8 to the Second A320 Family Purchase Agreement dated September 23rd, 2010 (the
Amendment No.8) covering (i) the advancement of the scheduled delivery positions of Two (2) Aircraft from the First Batch of Incremental Aircraft and Two (2) Aircraft from the Second Batch of Incremental Aircraft
and (ii) the conversion of the aircraft type of one (1) A319-100 from the Second Batch of Incremental Aircraft into firmly ordered A320-200 from the Second Batch Incremental Aircraft.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|L. | The Buyer and the Seller entered into an amendment No. 9 to the Second A320 Family Purchase Agreement dated December 21st 2010 (the
Amendment No.9) covering the order of fifty (50) incremental A319-100, A320-200 and A321-200 aircraft, and, amending certain provisions of the Second A320 Family Purchase Agreement.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|M. | [***]
|-- | -----



|N. | The Buyer and the Seller entered into an amendment No. 10 to the Second A320 Family Purchase Agreement dated June 10th 2011 (the Amendment
No.10) covering (i) the conversion of certain Aircraft type, (ii) the Sharklets selection for certain Aircraft, and (iii) the notification of the scheduled delivery months for the Aircraft scheduled to be delivered in the
fourth quarter 2012 and the first quarter 2013.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|O. | The Buyer and the Seller entered into an amendment No. 11 to the Second A320 Family Purchase Agreement (the Amendment No.11) covering (i) the postponement of certain Aircraft
scheduled delivery position, and (ii) the conversion of certain Aircraft type.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|P. | The Buyer and the Seller entered into amendment No. 12 to the Second A320 Family Purchase Agreement (the Amendment No.12) covering (i) the conversion of three (3) Aircraft type
with rank number 61, rank number 63 and rank number 89, (ii) the identification of certain Aircraft as Sharklet installed Aircraft and others as Sharklet Capable Aircraft, and (iii) the notification of the Scheduled Delivery Month for
certain Aircraft.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 4/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|Q. | The Buyer and the Seller entered into amendment No. 13 to the Second A320 Family Purchase Agreement (the Amendment No. 13) covering, among other related commercial matters,
(i) the conversion of certain Aircraft type and (ii) the [***] of certain Aircraft scheduled delivery months/quarters.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|R. | The Buyer and the Seller entered into amendment No. 14 to the Second A320 Family Purchase Agreement (the Amendment No. 14) covering the [***] of the Scheduled Delivery Month of one
Aircraft.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|S. | The Buyer converted three Aircraft identified by rank 114, 115 and 116 from A319-100 Aircraft to A320-200 Aircraft with notice provided to the Seller on [***]
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------



|T. | The Buyer and the Seller wish to enter into this amendment No. 15 to the Second A320 Family Purchase Agreement (the Amendment No. 15) covering rescheduling of certain scheduled
delivery months/quarters.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

NOW IT IS HEREBY AGREED AS FOLLOWS:



|0. | DEFINITIONS
|-- | -----------



|0.1. | The terms herein, hereof, and hereunder and words of similar import refer to this Amendment No.15 and capitalized terms used herein and not otherwise defined in this Amendment No.15
will have the meanings assigned to them in the Purchase Agreement (as defined below).
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|0.2. | Purchase Agreement means the Second A320 Family Purchase Agreement together with Amendments Nos.1 to 14 thereto.
|---- | ----------------------------------------------------------------------------------------------------------------



|1. | SCOPE
|-- | -----



|1.1 | The Buyer has requested and the Seller has agreed to hereby i) advance the Scheduled Delivery Month (or Scheduled Delivery Quarter if the month has not been notified) of four Aircraft which are subject to the Purchase
Agreement, ii) defer the Scheduled Delivery Month of four Aircraft which are subject to the Purchase Agreement and iii) convert the aircraft type of three Aircraft which are subject to the Purchase Agreement, as set forth in Clause 2 below.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|1.2 | [***]
|--- | -----



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 5/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|2. | AIRCRAFT DELIVERIES
|-- | -------------------



|2.1 | The Buyer converted three (3) Aircraft, rank 114, 115 and 116, from the A319-100 type to the A320-200 type with notification sent to and accepted by the Seller on [***]
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2.2 | The Parties agree to [***] the Scheduled Delivery Month of Aircraft rank 96, 93, 72 and 103 from [***] in respect of Aircraft rank 96, to [***] and from [***] in respect of Aircraft rank 93 and 72, to respectively, and
from [***] in respect of Aircraft rank 103, to
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2.3 | The Parties agree to [***] the Scheduled Delivery Month of Aircraft rank 102, 104, 106 and 107 from [***] and [***] respectively, to for each such Aircraft.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------



|2.4 | The following table sets out the conversion described in clause 2.1 above here below:
|--- | -------------------------------------------------------------------------------------



|            |  |                         |  |                       |  |                      |  |                         
|----------- |  | ----------------------- |  | --------------------- |  | -------------------- |  | ------------------------
|Rank
number |  | Scheduled DeliveryMonth |  | OriginalAircraft Type |  | RevisedAircraft Type |  | Aircraft Batch          
|114         |  | [***]                   |  | A319-100              |  | A320-200             |  | 2010 IncrementalAircraft
|            |  |                         |  |                      
|115         |  | [***]                   |  | A319-100              |  | A320-200             |  | 2010 IncrementalAircraft
|            |  |                         |  |                      
|116         |  | [***]                   |  | A319-100              |  | A320-200             |  | 2010 IncrementalAircraft



|2.5 | The following table sets out the rescheduling described in clause 2.2 and 2.3 above here below:
|--- | -----------------------------------------------------------------------------------------------



|            |  |                                  |  |                                |  |              |  |                                    
|----------- |  | -------------------------------- |  | ------------------------------ |  | ------------ |  | -----------------------------------
|Rank
number |  | Original ScheduledDelivery Month |  | RevisedScheduledDelivery Month |  | AircraftType |  | Aircraft Batch                     
|96          |  | [***]                            |  | [***]                          |  | A321-200     |  | 2010 IncrementalAircraft           
|            |  |                                  |  |                               
|93          |  | [***]                            |  | [***]                          |  | A321-200     |  | 2010 IncrementalAircraft           
|            |  |                                  |  |                               
|72          |  | [***]                            |  | [***]                          |  | A321-200     |  | Second Batch ofIncremental Aircraft
|            |  |                                  |  |                               
|103         |  | [***]                            |  | [***]                          |  | A321-200     |  | 2010 IncrementalAircraft           



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 6/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|    |  |       |  |       |  |          |  |                         
|--- |  | ----- |  | ----- |  | -------- |  | ------------------------
|    |  |       |  |      
|102 |  | [***] |  | [***] |  | A320-200 |  | 2010 IncrementalAircraft
|    |  |       |  |      
|104 |  | [***] |  | [***] |  | A320-200 |  | 2010 IncrementalAircraft
|    |  |       |  |      
|106 |  | [***] |  | [***] |  | A320-200 |  | 2010 IncrementalAircraft
|    |  |       |  |      
|107 |  | [***] |  | [***] |  | A320-200 |  | 2010 IncrementalAircraft



|2.6 | As a result of the Aircraft conversion set forth in clause 2.1 above the Parties agree to delete in its entirety clause 1.1 of Amendment No. 9 and replace it as follows:
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

QUOTE



| | 1.1. | The Seller shall sell and deliver and the Buyer shall buy and take delivery of one (1) A319-100 aircraft, thirty one (31) A320-200 aircraft and eighteen (18) A321-200 aircraft (respectively the
2010 A319 Aircraft, the 2010 A320 Aircraft and the 2010 A321 Aircraft) upon the terms and conditions contained in this Amendment No. 9 (hereinafter for the purposes of this Amendment No.9
collectively the 2010 Incremental Aircraft.)
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

UNQUOTE



|2.7 | PREDELIVERY PAYMENT
|--- | -------------------

As a result of the Aircraft conversions and rescheduling set forth in
Clause 2.1, 2.2, and 2.3 above, the Parties hereby agree, that upon signature of this Amendment No. 15, [***] being the amount previously paid by the Buyer in respect of such Aircraft and no longer due in accordance with the Predelivery Payment
schedule and this amount will be applied to the next pre-delivery payments becoming due under the Agreement.



|2.8 | PROPULSION SYSTEM SELECTION
|--- | ---------------------------

The Buyer hereby selects the following Propulsion Systems for
Aircraft rank 96:

CFM INTERNATIONAL 56-5B3/3



|3. | DELIVERY SCHEDULE
|-- | -----------------

With reference to Aircraft bearing rank numbers 46 to 125, the
Parties hereby agree to delete clause 9.1 of the Second A320 Family Purchase Agreement, as substituted by clause 2.1.1 of Amendment No.5, as modified by clause 2 of Amendment No.7 and clauses 2 and 3 of Amendment No.8, as substituted by clause 2.1.1
of Amendment No.9, clause 5 of Amendment No.10, clause 4 of Amendment No.11, clause 5 of Amendment No.12 clause 5 of Amendment No.13 and clause 3 of Amendment No.14, in its entirely and replace it with the following:



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 7/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

QUOTE

9.1 Delivery schedule

9.1.1
Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller shall have the Aircraft ready for Delivery at the Delivery Location in accordance with the following schedule:



|                                                         |  |            |  |              |  |                     |  |                                     
|-------------------------------------------------------- |  | ---------- |  | ------------ |  | ------------------- |  | ------------------------------------
|Scheduled Delivery Months
or Scheduled Delivery
Quarters |  | Ranknumber |  | Aircrafttype |  | Aircraft defined as
|2011                                                     |  | July       |  | 53           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                         |  | July       |  | 55           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                         |  | August     |  | 46           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                         |  | September  |  | 47           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                         |  | October    |  | 48           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                         |  | November   |  | 49           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                         |  | November   |  | 50           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                         |  | October    |  | 51           |  | A319-100            |  | First Batch of Incremental Aircraft 
|                                                         |  | November   |  | 52           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                         |  | December   |  | 62           |  | A320-200            |  | First Batch of Incremental Aircraft 
|2012                                                     |  | January    |  | 54           |  | A319-100            |  | Second Batch of Incremental Aircraft
|                                                         |  | March      |  | 76           |  | A319-100            |  | 2010 Incremental Aircraft           
|                                                         |  | April      |  | 64           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                         |  | May        |  | 66           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                         |  | June       |  | 77           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                         |  | July       |  | 78           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                         |  | July       |  | 65           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                         |  | August     |  | 67           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                         |  | September  |  | 79           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                         |  | October    |  | 80           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                         |  | November   |  | 68           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                         |  | December   |  | 69           |  | A320-200            |  | Second Batch of Incremental Aircraft
|2013                                                     |  | January    |  | 82           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                         |  | January    |  | 81           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                         |  | February   |  | 56           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                         |  | February   |  | 71           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                         |  | April      |  | 83           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                         |  | April      |  | 84           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                         |  | May        |  | 73           |  | A320-200            |  | Second Batch of incremental Aircraft
|                                                         |  | May        |  | 85           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                         |  | July       |  | 58           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                         |  | July       |  | 59           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                         |  | August     |  | 74           |  | A320-200            |  | Second Batch of Incremental Aircraft



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 8/11 |  | 





---

|      |  |          |  |     |  |          |  |                                     
|----- |  | -------- |  | --- |  | -------- |  | ------------------------------------
|      |  | October  |  | 60  |  | A320-200 |  | Second Batch of Incremental Aircraft
|      |  | November |  | 75  |  | A320-200 |  | Second Batch of Incremental Aircraft
|      |  | December |  | 70  |  | A320-200 |  | Second Batch of Incremental Aircraft
|2014  |  | January  |  | 61  |  | A320-200 |  | Second Batch of Incremental Aircraft
|      |  | February |  | 86  |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  | February |  | 87  |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  | April    |  | 57  |  | A320-200 |  | Second Batch of incremental Aircraft
|      |  | May      |  | 88  |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  | June     |  | 89  |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  | June     |  | 90  |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  | June     |  | 91  |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  | July     |  | 63  |  | A320-200 |  | Second Batch of Incremental Aircraft
|      |  | December |  | 94  |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  | December |  | 98  |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  | December |  | 101 |  | A321-200 |  | 2010 Incremental Aircraft           
|[***] |  | [***]    |  | 105 |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 96  |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 72  |  | A321-200 |  | Second Batch of Incremental Aircraft
|      |  |          |  | 108 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 109 |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 93  |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 110 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 111 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 103 |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 112 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 113 |  | A321-200 |  | 2010 Incremental Aircraft           
|[***] |  | [***]    |  | 92  |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 114 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 115 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 116 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 117 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 118 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 119 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 120 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 121 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 122 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 123 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 124 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 125 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 102 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 104 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 106 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 107 |  | A320-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 95  |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  |          |  | 97  |  | A321-200 |  | 2010 Incremental Aircraft           
|[***] |  | [***]    |  | 99  |  | A321-200 |  | 2010 Incremental Aircraft           
|      |  | [***]    |  | 100 |  | A321-200 |  | 2010 Incremental Aircraft           



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 9/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

| | 9.1.2 | [***]
| | ----- | -----



| | 9.1.3 | [***]
| | ----- | -----

UNQUOTE



|4. | EFFECT OF THE AMENDMENT
|-- | -----------------------



|4.1 | This Amendment No.15 contains the entire agreement between the Parties with respect to the subject matter hereof and supersedes any previous understanding, commitments or representations whatsoever, whether oral or
written.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.2 | The Purchase Agreement shall be deemed amended to the extent provided in this Amendment No.15 and, except as specifically amended hereby, shall continue in full force and effect in accordance with its original terms.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.3 | The Parties agree that this Amendment No.15 shall constitute an integral, non-severable part of the Purchase Agreement and be governed by all of its provisions.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.4 | In the event of any inconsistency between the terms and conditions of the Purchase Agreement and those of the present Amendment No.15, the latter shall prevail to the extent of such inconsistency, whereas the part not
concerned by such inconsistency shall remain in full force and effect.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.5 | This Amendment No.15 will not be modified or varied except by an instrument in writing executed by both Parties.
|--- | ----------------------------------------------------------------------------------------------------------------



|4.6 | Each of the Parties hereto agree that the provisions of this Amendment No.15 are personal to it and will not without the prior written consent of the other Party disclose such information to any other person. However,
[***]
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 10/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

[***]



|4.7 | The Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall govern the assignability and transferability of each Partys rights and obligations under this Amendment No. 15.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.8 | This Amendment No. 15 may be signed by the Parties hereto in separate counterparts, each of which when so signed and delivered will be an original, but all such counterparts will together constitute but one and the same
instrument.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.9 | This Amendment No. 15 shall be governed by and construed in accordance with the laws of England.
|--- | ------------------------------------------------------------------------------------------------



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 11/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

IN WITNESS WHEREOF this Amendment No.15 to the Second A320 Family Purchase Agreement was duly entered into
the day and year first above written.



|                          |  |                         |  |                      |  |       |  |                                
|------------------------- |  | ----------------------- |  | -------------------- |  | ----- |  | -------------------------------
|Agreed and Accepted       |  |                         |  | Agreed and Accepted 
|                          |  |                        
|For and on behalf of      |  |                         |  | For and on behalf of
|                          |  |                        
|LATAM AIRLINES GROUP S.A. |  |                         |  | AIRBUS S.A.S        
|                          |  |                         |  |                     
|By:                       |  | /s/ Roberto Alvo        |  |                      |  | By:   |  | /s/ Christophe Mourey          
|                          |  | ROBERTO ALVO            |  |                      |  |       |  | Christophe Mourey              
|                          |  |                         |  |                     
|Its:                      |  | Chief Corporate Officer |  |                      |  | Its:  |  | Senior Vice President Contracts
|                          |  | LATAM Airlines Group    |  |                      |  |       |  |                                
|                          |  |                         |  |                     
|Date:                     |  |                         |  |                      |  | Date: |  |                                
|                          |  |                         | 
|LATAM AIRLINES GROUP S.A. |  |                         |  |                      |  |      



LOGO



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 15 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 12/11 |  | 



---

AMENDMENT No. 16

TO THE

SECOND A320 FAMILY
PURCHASE AGREEMENT

BETWEEN

LATAM AIRLINES GROUP S.A.

(formerly known as LAN AIRLINES S.A.)

AND

AIRBUS S.A.S.



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 16 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 1/11 |  | 





---

This amendment No.16 to the Second A320 Family Purchase Agreement (as defined below) is entered into as of 15th July, 2014, by and between

AIRBUS S.A.S., having its principal office at:

1 Rond-Point Maurice Bellonte

31707 BLAGNAC-CEDEX

FRANCE

(hereinafter referred to as the
Seller) of the one part

AND

LATAM
AIRLINES GROUP S.A. (formerly known as LAN AIRLINES S.A.) having its principal office at:

Edificio Huidobro

Avenida Presidente Riesco 5711- 20th Floor

Las Condes

SANTIAGO

CHILE

(hereinafter referred to as the Buyer) of the other part.

The Buyer and the Seller being collectively referred to as the Parties and individually as a Party



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 16 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 2/11 |  | 





---

WHEREAS



|A. | The Buyer and the Seller entered into an A320 family purchase agreement dated March 20th, 1998 covering the purchase by the Buyer and the sale by the Seller of
twenty (20) A320 family aircraft bearing rank numbers 1 to 20. By an amendment No.1 to such purchase agreement, entered into by the Buyer and the Seller on February 24th, 2000 the number
of A320 family aircraft to be purchased by the Buyer pursuant to such purchase agreement was Increased to twenty five (25), with the additional five (5) A320 family aircraft bearing rank numbers 21 to 25. Such twenty five (25) A320 family
aircraft are hereinafter referred to as the Original A320 Family Aircraft, and such purchase agreement, amendment No.1, and all exhibits, appendices and letter agreements thereto are together referred to as the Original
A320 Family Purchase Agreement.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B. | The Buyer and the Seller entered into a deed of amendment and restatement of the Original A320 Family Purchase Agreement, dated August 2nd, 2000, dividing the
Original A320 Family Purchase Agreement into two (2) separate purchase agreements, the first agreement concerning the Original A320 Family Aircraft bearing rank numbers 1 to 20, and the second agreement concerning the Original A320 Family
Aircraft bearing rank numbers 21 to 25. The second agreement as supplemented with all exhibits and appendices thereto is hereinafter referred to as the Second A320 Family Purchase Agreement.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|C. | The Buyer and the Seller entered into an amendment No.1 to the Second A320 Family Purchase Agreement dated November 14th 2003 (the Amendment
No.1) modifying certain provisions of the Second A320 Family Purchase Agreement.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|D. | The Buyer and the Seller entered into an amendment No.2 to the Second A320 Family Purchase Agreement dated October 4th, 2005 (the Amendment
No.2) covering the purchase by the Buyer and the sale by the Seller of twenty five (25) additional firm A320 family aircraft comprising twenty (20) A318-100, one (1) A319-100 and four (4) A320-200 aircraft type (the
Additional Aircraft).
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|E. | The Buyer and the Seller entered into an amendment No.3 to the Second A320 Family Purchase Agreement dated March 6th, 2007 (the Amendment
No.3) covering the conversion of fifteen (15) Option Aircraft (as defined in the Amendment No.2) into firmly ordered Converted Aircraft (as defined in Amendment No.3).
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|F. | The Buyer and the Seller entered into an amendment No. 4 to the Second A320 Family Purchase Agreement dated June 11th, 2008 (the Amendment
No.4) covering the conversion of five (5) A318-100 Additional Aircraft bearing rank Nos. 26 to 30 as set forth in Amendment No.2 and three (3) A318-100 Converted Aircraft bearing rank Nos. 37, 40 and 43 as set forth in Amendment
No.3, into A319 aircraft type.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|G. | The Buyer and the Seller entered into an amendment No. 5 to the Second A320 Family Purchase Agreement dated December 23rd 2009 (the Amendment
No.5) covering the order of thirty (30) incremental A319-100 and A320-200 aircraft (the Incremental Aircraft) and amending certain provisions of the Second A320 Family Purchase Agreement.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 16 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 3/11 |  | 





---

|H. | [***]
|-- | -----



|I. | The Buyer and the Seller entered into an amendment No. 6 to the Second A320 Family Purchase Agreement dated May 10th, 2010 (the Amendment
No.6) covering the conversion of the aircraft type of three (3) A319-100 First Batch of Incremental Aircraft (as defined in the Amendment No.5) into firmly ordered A320-200 First Batch Incremental Aircraft and the advancement of the
scheduled delivery positions of Two (2) Aircraft from the First Batch of Incremental Aircraft and Eleven (11) Aircraft from the Second Batch of Incremental Aircraft (as defined in the Amendment No.5).
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|J. | The Buyer and the Seller entered into an amendment No. 7 to the Second A320 Family Purchase Agreement dated May 19th, 2010 (the Amendment
No.7) covering the advancement of the scheduled delivery positions of Three (3) Converted Aircraft.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|K. | The Buyer and the Seller entered into an amendment No. 8 to the Second A320 Family Purchase Agreement dated September 23rd, 2010 (the Amendment
No.8) covering (i) the advancement of the scheduled delivery positions of Two (2) Aircraft from the First Batch of Incremental Aircraft and Two (2) Aircraft from the Second Batch of Incremental Aircraft and (ii) the
conversion of the aircraft type of one (1) A319-100 from the Second Batch of Incremental Aircraft into firmly ordered A320-200 from the Second Batch Incremental Aircraft.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|L. | The Buyer and the Seller entered into an amendment No. 9 to the Second A320 Family Purchase Agreement dated December 21st 2010 (the Amendment
No.9) covering the order of fifty (50) incremental A319-100, A320-200 and A321-200 aircraft, and, amending certain provisions of the Second A320 Family Purchase Agreement.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|M. | [***]
|-- | -----



|N. | The Buyer and the Seller entered into an amendment No. 10 to the Second A320 Family Purchase Agreement dated June 10th 2011 (the Amendment
No.10) covering (i) the conversion of certain Aircraft type, (ii) the Sharklets selection for certain Aircraft, and (iii) the notification of the scheduled delivery months for the Aircraft scheduled to be delivered in the
fourth quarter 2012 and the first quarter 2013.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|O. | The Buyer and the Seller entered into an amendment No. 11 to the Second A320 Family Purchase Agreement (the Amendment No.11) covering (i) the postponement of certain Aircraft scheduled
delivery position, and (ii) the conversion of certain Aircraft type.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|P. | The Buyer and the Seller entered into amendment No. 12 to the Second A320 Family Purchase Agreement (the Amendment No. 12) covering (i) the conversion of three (3) Aircraft type
with rank number 61, rank number 63 and rank number 89, (ii) the identification of certain Aircraft as Sharklet Installed Aircraft and others as Sharklet Capable Aircraft, and (iii) the notification of the Scheduled Delivery Month for
certain Aircraft.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 16 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 4/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|Q. | The Buyer and the Seller entered into amendment No. 13 to the Second A320 Family Purchase Agreement (the Amendment No, 13) covering, among other related commercial matters, (i) the
conversion of certain Aircraft type and (ii) the [***] of certain Aircraft scheduled delivery months/quarters.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|R. | The Buyer and the Seller entered into amendment No. 14 to the Second A320 Family Purchase Agreement (the Amendment No. 14) covering the [***]of the Scheduled Delivery Month of one
Aircraft.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|S. | The Buyer converted three Aircraft identified by rank 114, 115 and 116 from A319-100 Aircraft to A320-200 Aircraft by providing notice to the Seller on [***]
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------



|T. | The Buyer and the Seller entered into amendment No. 15 to the Second A320 Family Purchase Agreement (the Amendment No. 15) covering the rescheduling of the Scheduled Delivery Month of
certain Aircraft.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|U. | The Buyer and the Seller entered into an A320 NEO Purchase Agreement, dated June 22, 2011, as amended, supplemented or otherwise modified to and including the date hereof (the A320 NEO Purchase
Agreement) whereby the Seller shall sell and deliver and the Buyer shall take delivery of certain A320 neo aircraft (the A320 NEO Aircraft).
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|V. | The Buyer and the Seller wish to enter into this amendment No. 16 to the Second A320 Family Purchase Agreement (the Amendment No. 16) covering [***]conversion of certain Aircraft.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

NOW IT IS HEREBY AGREED AS FOLLOWS:



|0. | DEFINITIONS
|-- | -----------



|0.1. | The terms herein, hereof, and hereunder and words of similar import refer to this Amendment No.16 and capitalized terms used herein and not otherwise defined in this Amendment No.16
will have the meanings assigned to them in the Purchase Agreement (as defined below).
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|0.2. | Purchase Agreement means the Second A320 Family Purchase Agreement together with Amendments Nos.1 to 15 thereto.
|---- | ----------------------------------------------------------------------------------------------------------------



|1. | SCOPE
|-- | -----



|1.1 | The Buyer has requested and the Seller has agreed to hereby [***] convert twelve (12) 2010 Incremental Aircraft which are subject to the Purchase Agreement to A320 NEO Aircraft as set forth in Clause 2 below.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 16 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 5/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|1.2 | [***]
|--- | -----



|2. | AIRCRAFT DELIVERIES
|-- | -------------------



|2.1 | The Buyer has requested and the Seller has agreed to [***] except as otherwise specified in this Amendment No. 16 and the Second BSA.
|--- | -------------------------------------------------------------------------------------------------------------------------------------



|2.2 | The Buyer has requested and the Seller has agreed to hereby convert 12 (twelve) Aircraft identified in Clause 9.1.1 of the Purchase Agreement by rank number 114 through and including rank number 125 to A320 NEO Aircraft
(as such term is defined above) and such Aircraft will be cancelled in this Agreement and the Parties will have no further rights or obligations in respect of such Aircraft except as otherwise specified in this Amendment No. 16 and such A320
NEO Aircraft will be firmly ordered by the Buyer pursuant to the A320 NEO Purchase Agreement, as amended by amendment No.2 to such agreement.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2.3 | As a result of the Aircraft conversions [***] set forth in clauses 2.1 and 2.2 above the Parties agree to delete in its entirety clause 1.1 of Amendment No.9 as amended and replace it as follows:
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

QUOTE



| | 1.1. | The Seller shall sell and deliver and the Buyer shall buy and take delivery of one (1) A319-100 aircraft, fifteen (15) A320-200 aircraft and eighteen (18) A321-200 aircraft (respectively the
2010 A319 Aircraft, the 2010 A320 Aircraft and the 2010 A321 Aircraft) upon the terms and conditions contained in this Amendment No.9 (hereinafter for the purposes of this Amendment No.9
collectively the 2010 Incremental Aircraft.)
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

UNQUOTE



|2.4 | PREDELIVERY PAYMENT
|--- | -------------------

As a result of the Aircraft [***] conversions set forth in Clause 2.1 and
2.2 above, the Parties hereby agree, that upon signature of this Amendment No. 16, [***] being the amount previously paid by the Buyer in respect of such Aircraft and no longer due in accordance with the Purchase Agreement and from such amount
[***] in accordance with the terms [***] and the balance in the amount of [***] will be applied to the next pre-delivery payments becoming due under the Purchase Agreement.



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 16 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 6/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|3. | DELIVERY SCHEDULE
|-- | -----------------

With reference to Aircraft bearing rank numbers 46 to 125, the
Parties hereby agree to delete clause 9.1 of the Second A320 Family Purchase Agreement, as substituted by clause 2.1.1 of Amendment No.5, as modified by clause 2 of Amendment No.7 and clauses 2 and 3 of Amendment No.8, as substituted by clause 2.1.1
of Amendment No.9, clause 5 of Amendment No.10, clause 4 of Amendment No.11, clause 5 of Amendment No.12 clause 5 of Amendment No.13, clause 3 of Amendment No.14 and clause 3 of Amendment No.15, in its entirely and replace it with the following:

QUOTE

9.1 Delivery schedule

9.1.1 Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller shall have the Aircraft ready for Delivery at the Delivery
Location in accordance with the following schedule:



|                                                       |  |            |  |              |  |                     |  |                                     
|------------------------------------------------------ |  | ---------- |  | ------------ |  | ------------------- |  | ------------------------------------
|Scheduled Delivery Monthsor Scheduled DeliveryQuarters |  | Ranknumber |  | Aircrafttype |  | Aircraft defined as
|2011                                                   |  | July       |  | 53           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                       |  | July       |  | 55           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                       |  | August     |  | 46           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                       |  | September  |  | 47           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                       |  | October    |  | 48           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                       |  | November   |  | 49           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                       |  | November   |  | 50           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                       |  | October    |  | 51           |  | A319-100            |  | First Batch of Incremental Aircraft 
|                                                       |  | November   |  | 52           |  | A320-200            |  | First Batch of Incremental Aircraft 
|                                                       |  | December   |  | 62           |  | A320-200            |  | First Batch of Incremental Aircraft 
|2012                                                   |  | January    |  | 54           |  | A319-100            |  | Second Batch of Incremental Aircraft
|                                                       |  | March      |  | 76           |  | A319-100            |  | 2010 Incremental Aircraft           
|                                                       |  | April      |  | 64           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                       |  | May        |  | 66           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                       |  | June       |  | 77           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                       |  | July       |  | 78           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                       |  | July       |  | 65           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                       |  | August     |  | 67           |  | A320-200            |  | Second Batch of Incremental Aircraft
|                                                       |  | September  |  | 79           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                       |  | October    |  | 80           |  | A320-200            |  | 2010 Incremental Aircraft           
|                                                       |  | November   |  | 68           |  | A320-200            |  | Second Batch of Incremental Aircraft



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 16 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 7/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|            |  |          |  |          |  |                           |  |                                     
|----------- |  | -------- |  | -------- |  | ------------------------- |  | ------------------------------------
|            |  | December |  | 69       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|2013        |  | January  |  | 82       |  | A320-200                  |  | 2010 Incremental Aircraft           
|            |  | January  |  | 81       |  | A320-200                  |  | 2010 Incremental Aircraft           
|            |  | February |  | 56       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|            |  | February |  | 71       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|            |  | April    |  | 83       |  | A320-200                  |  | 2010 Incremental Aircraft           
|            |  | April    |  | 84       |  | A320-200                  |  | 2010 Incremental Aircraft           
|            |  | May      |  | 73       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|            |  | May      |  | 85       |  | A320-200                  |  | 2010 Incremental Aircraft           
|            |  | July     |  | 58       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|            |  | July     |  | 59       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|            |  | August   |  | 74       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|            |  | October  |  | 60       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|            |  | November |  | 75       |  | A320-200                  |  | Second Batch of incremental Aircraft
|            |  | December |  | 70       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|2014        |  | January  |  | 61       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|            |  | February |  | 86       |  | A320-200                  |  | 2010 Incremental Aircraft           
|            |  | February |  | 87       |  | A321-200                  |  | 2010 Incremental Aircraft           
|            |  | April    |  | 57       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|            |  | May      |  | 88       |  | A321-200                  |  | 2010 Incremental Aircraft           
|            |  | June     |  | 89       |  | A320-200                  |  | 2010 Incremental Aircraft           
|            |  | June     |  | 90       |  | A321-200                  |  | 2010 Incremental Aircraft           
|            |  | June     |  | 91       |  | A321-200                  |  | 2010 Incremental Aircraft           
|            |  | July     |  | 63       |  | A320-200                  |  | Second Batch of Incremental Aircraft
|            |  | December |  | 94       |  | A321-200                  |  | 2010 Incremental Aircraft           
|            |  | December |  | 98       |  | A321-200                  |  | 2010 Incremental Aircraft           
|            |  | December |  | 101      |  | A321-200                  |  | 2010 Incremental Aircraft           
|[***] [***] |  | 105      |  | A321-200 |  | 2010 Incremental Aircraft
|            |  |          |  | 96       |  | A321-200                  |  | 2010 Incremental Aircraft           
|            |  |          |  | 72       |  | A321-200                  |  | Second Batch of Incremental Aircraft
|            |  |          |  | 108      |  | A320-200                  |  | 2010 Incremental Aircraft           
|            |  |          |  | 109      |  | A321-200                  |  | 2010 Incremental Aircraft           
|            |  |          |  | 93       |  | A321-200                  |  | 2010 Incremental Aircraft           
|            |  |          |  | 110      |  | A320-200                  |  | 2010 Incremental Aircraft           
|            |  |          |  | 111      |  | A320-200                  |  | 2010 Incremental Aircraft           
|            |  |          |  | 103      |  | A321-200                  |  | 2010 Incremental Aircraft           
|            |  |          |  | 112      |  | A320-200                  |  | 2010 Incremental Aircraft           
|            |  |          |  | 113      |  | A321-200                  |  | 2010 Incremental Aircraft           
|[***] [***] |  | 92       |  | A321-200 |  | 2010 Incremental Aircraft
|            |  |          |  | 95       |  | A321-200                  |  | 2010 Incremental Aircraft           
|[***] [***] |  | 97       |  | A321-200 |  | 2010 Incremental Aircraft
|            |  |          |  | 99       |  | A321-200                  |  | 2010 Incremental Aircraft           
|            |  |          |  | 100      |  | A321-200                  |  | 2010 Incremental Aircraft           



| | 9.1.2 | [***]
| | ----- | -----



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 16 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 8/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

| | 9.1.3 | [***]
| | ----- | -----

UNQUOTE



|4. | EFFECT OF THE AMENDMENT
|-- | -----------------------



|4.1 | This Amendment No.16 contains the entire agreement between the Parties with respect to the subject matter hereof and supersedes any previous understanding, commitments or representations whatsoever, whether oral or
written.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.2 | The Purchase Agreement shall be deemed amended to the extent provided in this Amendment No.16 and, except as specifically amended hereby, shall continue in full force and effect in accordance with its original terms.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.3 | The Parties agree that this Amendment No.16 shall constitute an integral, non-severable part of the Purchase Agreement and be governed by all of its provisions.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.4 | In the event of any inconsistency between the terms and conditions of the Purchase Agreement and those of the present Amendment No.16, the latter shall prevail to the extent of such inconsistency, whereas the part not
concerned by such inconsistency shall remain in full force and effect.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.5 | This Amendment No.16 will not be modified or varied except by an instrument in writing executed by both Parties.
|--- | ----------------------------------------------------------------------------------------------------------------



|4.6 | Each of the Parties hereto agree that the provisions of this Amendment No.16 are personal to it and will not without the prior written consent of the other Party disclose such information to any other person. However,
[***]
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.7 | The Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall govern the assignability and transferability of each Partys rights and obligations under this Amendment No.16.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |      |  | 
|--------------------------------------------- |  | ---- |  | 
|A320F - LAN - AMDT 16 - Second A320 Family PA |  |     
|Ref: CT1202039                                |  | 9/11 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|4.8 | This Amendment No.16 may be signed by the Parties hereto in separate counterparts, each of which when so signed and delivered will be an original, but all such counterparts will together constitute but one and the same
instrument.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.9 | This Amendment No.16 shall be governed by and construed in accordance with the laws of England.
|--- | -----------------------------------------------------------------------------------------------



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 16 - Second A320 Family PA |  |      
|Ref: CT1202039                                |  | 10/11 |  | 





---

IN WITNESS WHEREOF this Amendment No.16 to the Second A320 Family Purchese Agreement was duly entered into the
day and year first above written.



|                                          |  |                                             |  |                                           |  |       |  | 
|----------------------------------------- |  | ------------------------------------------- |  | ----------------------------------------- |  | ----- |  | 
|Agreed and Accepted 
For and on behalf of |  |                                             |  | Agreed and Accepted 
For and on behalf of
|                                          |  |                                            
|LATAM AIRLINES GROUP S.A.                 |  |                                             |  | AIRBUS S.A.S                             
|                                          |  |                                             |  |                                          
|By:                                       |  | /s/ ROBERTO ALVO                            |  |                                           |  | By:   |  | 
|                                          |  | ROBERTO ALVO                                |  |                                           |  |       |  | 
|Its:                                      |  | Chief Corporate Office LATAM Airlines
Group |  |                                           |  | Its:  |  | 
|                                          |  |                                             |  |                                          
|Date:                                     |  |                                             |  |                                           |  | Date: |  | 



LOGO



|                                              |  |       |  | 
|--------------------------------------------- |  | ----- |  | 
|A320F - LAN - AMDT 16 - Second A320 Family PA |  | LOGO 
|Ref: CT1202039                                |  | 11/11 |  | 





---

AMENDMENT No.17

TO THE

SECOND A320 FAMILY PURCHASE
AGREEMENT

BETWEEN

LATAM
AIRLINES GROUP S.A.

(formerly known as LAN AIRLINES S.A.)

AND

AIRBUS S.A.S.



|                                              |  |              |  | 
|--------------------------------------------- |  | ------------ |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  |             
|Ref: CT1202039                                |  | Page 1 of 12 |  | 





---

This amendment No.17 to the Second A320 Family Purchase Agreement (as defined below) is entered into as of
December 11, 2014, by and between

AIRBUS S.A.S., having its principal office at:

1 Rond-Point Maurice Bellonte

31707 BLAGNAC-CEDEX

FRANCE

(hereinafter referred to as the
Seller) of the one part

AND

LATAM
AIRLINES GROUP S.A. (formerly known as LAN AIRLINES S.A.) having its principal office at:

Edificio Huidobro

Avenida Presidente Riesco 5711- 20th Floor

Las Condes

SANTIAGO

CHILE

(hereinafter referred to as the Buyer) of the other part.

The Buyer and the Seller being collectively referred to as the Parties and individually as a Party



|                                              |  |              |  | 
|--------------------------------------------- |  | ------------ |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  |             
|Ref: CT1202039                                |  | Page 2 of 12 |  | 





---

WHEREAS



|A. | The Buyer and the Seller entered into an A320 family purchase agreement dated March 20th, 1998 covering the purchase by the Buyer and the safe by the Seller of twenty (20) A320 family aircraft bearing rank
numbers 1 to 20. By an amendment No.1 to such purchase agreement, entered into by the Buyer and the Seller on February 24th, 2000 the number of A320 family aircraft to be purchased by the Buyer pursuant to such purchase agreement was increased
to twenty five (25), with the additional five (5) A320 family aircraft bearing rank numbers 21 to 25. Such twenty five (25) A320 family aircraft are hereinafter referred to as the Original A320 Family Aircraft, and such
purchase agreement, amendment No.1, and all exhibits, appendices and letter agreements thereto are together referred to as the Original A320 Family Purchase Agreement.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B. | The Buyer and the Seller entered into a deed of amendment and restatement of the Original A320 Family Purchase Agreement, dated August 2nd, 2000, dividing the Original A320 Family Purchase Agreement into two
(2) separate purchase agreements, the first agreement concerning the Original A320 Family Aircraft bearing rank numbers 1 to 20, and the second agreement concerning the Original A320 Family Aircraft bearing rank numbers 21 to 25. The second
agreement as supplemented with all exhibits and appendices thereto is hereinafter referred to as the Second A320 Family Purchase Agreement.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|C. | The Buyer and the Seller entered into an amendment No.1 to the Second A320 Family Purchase Agreement dated November 14th, 2003 (the Amendment No.1) modifying certain provisions of the Second A320 Family
Purchase Agreement.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|D. | The Buyer and the Seller entered into an amendment No.2 to the Second A320 Family Purchase Agreement dated October 4th, 2005 (the Amendment No.2) covering the purchase by the Buyer and the sale by the
Seller of twenty five (25) additional firm A320 family aircraft comprising twenty (20) A318-100, one (1) A319-100 and four (4) A320-200 aircraft type (the Additional Aircraft).
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|E. | The Buyer and the Saller entered into an amendment No.3 to the Second A320 Family Purchase Agreement dated March 6th, 2007 (the Amendment No.3) covering the conversion of fifteen (15) Option
Aircraft (as defined in the Amendment No.2) into firmly ordered Converted Aircraft (as defined in Amendment No.3).
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|F. | The Buyer and the Seller entered into an amendment No. 4 to the Second A320 Family Purchase Agreement dated June 11th, 2008 (the Amendment No.4) covering the conversion of five (5) A318-100
Additional Aircraft bearing rank Nos. 26 to 30 as set forth in Amendment No.2 and three (3) A318-100 Converted Aircraft bearing rank Nos. 37, 40 and 43 as set forth in Amendment No.3, into A319 aircraft type.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|G. | The Buyer and the Seller entered into an amendment No. 5 to the Second A320 Family Purchase Agreement dated December 23rd, 2009 (the Amendment No.5) covering the order of thirty
(30) incremental A319-100 and A320-200 aircraft (the Incremental Aircraft) and amending certain provisions of the Second A320 Family Purchase Agreement.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |              |  | 
|--------------------------------------------- |  | ------------ |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  |             
|Ref: CT1202039                                |  | Page 3 of 12 |  | 





---

|H. | [***]
|-- | -----



|I. | The Buyer and the Seller entered into an amendment No. 6 to the Second A320 Family Purchase Agreement dated May 10th, 2010 (the Amendment No.6) covering the conversion of the aircraft type of three
(3) A319-100 First Batch of Incremental Aircraft (as defined in the Amendment No.5) into firmly ordered A320-200 First Batch Incremental Aircraft and the advancement of the scheduled delivery positions of Two (2) Aircraft from the First
Batch of Incremental Aircraft and Eleven (11) Aircraft from the Second Batch of Incremental Aircraft (as defined in the Amendment No.5).
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|J. | The Buyer and the Seller entered into an amendment No. 7 to the Second A320 Family Purchase Agreement dated May 19th, 2010 (the Amendment No.7) covering the advancement of the scheduled delivery
positions of Three (3) Converted Aircraft.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|K. | The Buyer and the Seller entered into an amendment No. 8 to the Second A320 Family Purchase Agreement dated September 23rd, 2010 (the Amendment No.8) covering (i) the advancement of the
scheduled delivery positions of Two (2) Aircraft from the First Batch of Incremental Aircraft and Two (2) Aircraft from the Second Batch of Incremental Aircraft and (II) the conversion of the aircraft type of one (1) A319-100 from the
Second Batch of Incremental Aircraft into firmly ordered A320-200 from the Second Batch Incremental Aircraft.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|L. | The Buyer and the Seller entered into an amendment No. 9 to the Second A320 Family Purchase Agreement dated December 21st 2010 (the Amendment
No.9) covering the order of fifty (50) incremental A319-100, A320-200 and A321-200 aircraft, and, amending certain provisions of the Second A320 Family Purchase Agreement.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|M. | [***]
|-- | -----



|N. | The Buyer and the Seller entered into an amendment No. 10 to the Second A320 Family Purchase Agreement dated June 10th 2011 (the Amendment
No.10) covering (i) the conversion of certain Aircraft type, (ii) the Sharklets selection for certain Aircraft, and (iii) the notification of the scheduled delivery months for the Aircraft scheduled to be delivered in the fourth
quarter 2012 and the first quarter 2013.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|O. | The Buyer and the Seller entered into an amendment No. 11 to the Second A320 Family Purchase Agreement dated November 8th 2011 (the Amendment
No.11) covering (i) the postponement of certain Aircraft scheduled delivery position, and (ii) the conversion of certain Aircraft type.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|P. | The Buyer and the Seller entered into amendment No. 12 to the Second A320 Family Purchase Agreement November 19th 2012 (the Amendment No.12)
covering (i) the conversion of three (3) Aircraft type with rank number 61, rank number 63 and rank number 89, (ii) the identification of certain Aircraft as Sharklet Installed Aircraft and others as Sharklet Capable Aircraft, and
(iii) the notification of the Scheduled Delivery Month for certain Aircraft.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |              |  | 
|--------------------------------------------- |  | ------------ |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  |             
|Ref: CT1202039                                |  | Page 4 of 12 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|Q. | The Buyer and the Seller entered into amendment No. 13 to the Second A320 Family Purchase Agreement August 19th 2013 (the Amendment No. 13)
covering, among other related commercial matters, (i) the conversion of certain Aircraft type and (ii) the [***] of certain Aircraft scheduled delivery months/quarters.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|R. | The Buyer and the Seller entered into amendment No. 14 to the Second A320 Family Purchase Agreement March 31st 2014 (the Amendment No. 14)
covering the of [***] the Scheduled Delivery Month of one Aircraft.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|S. | The Buyer converted three Aircraft Identified by rank 114, 115 and 116 from A319-100 Aircraft to A320-200 Aircraft by providing notice to the Seller on [***]
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------



|T. | The Buyer and the Seller entered Into amendment No. 15 to the Second A320 Family Purchase Agreement May 16th 2014 (the Amendment No. 15)
covering the rescheduling of the Scheduled Delivery Month of certain Aircraft.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|U. | The Buyer and the Seller entered into an A320 NEO Purchase Agreement, dated June 22, 2011, as amended, supplemented or otherwise modified to and including the date hereof (the A320 NEO Purchase
Agreement) whereby the Seller shall sell and deliver and the Buyer shall take delivery of certain A320neo aircraft (the A320 NEO Aircraft) and A321neo aircraft (A321 NEO Aircraft).
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|V. | The Buyer and the Seller entered into amendment No. 16 to the Second A320 Family Purchase Agreement July 15th 2014 (the Amendment No. 16)
covering [***] conversion of certain Aircraft.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|W. | TAM Linhas Aereas S.A. (the Original Buyer) and the Seller have signed on November 14, 2006, an A320/A330 Purchase Agreement (Reference CCC 337.0068/06) covering the purchase by the Original Buyer and
the sale by the Seller of certain A320 Family Aircraft and A330-200 Aircraft which , together with all exhibits, appendixes, and as amended supplemented or otherwise modified is hereinafter referred to as the Original TAM Agreement.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|X. | The Buyer, Seller and Original Buyer entered into a novation agreement dated 30 October 2014 (the Novation) novating the Original TAM Agreement from the Original Buyer to the Buyer (the Original TAM
Agreement as novated pursuant to the Novation is hereinafter referred to as the TAM A320 Agreement)
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Y. | The Buyer and the Seller wish to enter into this amendment No. 17 to the Second A320 Family Purchase Agreement (the Amendment No. 17) covering the conversion of certain Aircraft.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

NOW IT IS HEREBY AGREED AS FOLLOWS:



|                                              |  |              |  | 
|--------------------------------------------- |  | ------------ |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  |             
|Ref: CT1202039                                |  | Page 5 of 12 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|0. | DEFINITIONS
|-- | -----------



|0.1. | The terms herein, hereof, and hereunder and words of similar Import refer to this Amendment No.17 and capitalized terms used herein and not otherwise defined In this Amendment No.17
will have the meanings assigned to them in the Purchase Agreement (as defined below).
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|0.2. | Purchase Agreement means the Second A320 Family Purchase Agreement together with Amendments Nos.1 to 16 thereto.
|---- | ----------------------------------------------------------------------------------------------------------------



|1. | SCOPE
|-- | -----



|1.1 | The Buyer has requested and the Seller has agreed to hereby i) convert 4 (four) 2010 Incremental Aircraft of the A320 type which are subject to the Purchase Agreement to A320 NEO Aircraft and ii) convert 4 (four) 2010
Incremental Aircraft of the A321 type which are subject to the Purchase Agreement to A321 NEO Aircraft, as set forth in Clause 2 below.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|1.2 | [***]
|--- | -----



|2. | AIRCRAFT DELIVERIES
|-- | -------------------



|2.1 | The Buyer has requested and the Seller has agreed to hereby convert 4 (four) Aircraft Identified in Clause 9.1.1 of the Purchase Agreement by rank numbers 108, 110,111 and 112 to A320 NEO Aircraft (as such term is
defined above) and such Aircraft will be cancelled in this Agreement and the Parties will have no further rights or obligations in respect of such Aircraft except as otherwise specified in this Amendment No. 17 and such A320 NEO Aircraft will
be firmly ordered by the Buyer pursuant to the A320 NEO Purchase Agreement, as amended by amendment No.3 to such agreement.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2.2 | The Buyer has requested and the Seller has agreed to hereby convert 4 (four) Aircraft identified in Clause 9.1.1 of the Purchase Agreement by rank numbers 95, 97, 99 and 100 to A321 NEO Aircraft (as such term is defined
above) and such Aircraft will be cancelled in this Agreement and the Parties will have no further rights or obligations in respect of such Aircraft except as otherwise specified in this Amendment No. 17 and such A321 NEO Aircraft will be firmly
ordered by the Buyer pursuant to the A320 NEO Purchase Agreement, as amended by amendment No.3 to such agreement.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2.3 | As a result of the Aircraft conversions set forth in clauses 2.1 and 2.2 above the Parties agree to delete in its entirety clause 1.1 of Amendment No.9 as amended and replace it as follows:
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                              |  |              |  | 
|--------------------------------------------- |  | ------------ |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  |             
|Ref: CT1202039                                |  | Page 6 of 12 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

QUOTE



|1.1. | The Seller shall sell and deliver and the Buyer shall buy and take delivery of one (1) A319-100 aircraft, eleven (11) A320-200 aircraft and fourteen (14) A321-200 aircraft (respectively the 2010
A319 Aircraft, the 2010 A320 Aircraft and the 2010 A321 Aircraft) upon the terms and conditions contained in this Amendment No.9 (hereinafter for the purposes of this Amendment No.9 collectively the 2010
Incremental Aircraft)
|---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

UNQUOTE



|2.4 | PREDELIVERY PAYMENT
|--- | -------------------

As a result of the Aircraft cancellations and conversions set forth in
Clause 2.1 and 2.2 above, the Parties hereby agree. that upon signature of this Amendment No. 17 [***] being the amount previously paid by the Buyer in respect of such Aircraft and no longer due in accordance with the Purchase Agreement and from
such amount [***] [***] and [***] as amended as of the date hereof, and the balance in the amount of [***] will be applied to [***]



|3. | DELIVERY SCHEDULE
|-- | -----------------

With reference to Aircraft bearing rank numbers 46 to 125, the
Parties hereby agree to delete clause 9.1 of the Second A320 Family Purchase Agreement, as substituted by clause 2.1.1 of Amendment No.5. as modified by clause 2 of Amendment No.7 and clauses 2 and 3 of Amendment N0.8, as substituted by clause 2.1.1
of Amendment No.9, clause 5 of Amendment No.10, clause 4 of Amendment No.11, clause 5 of Amendment No.12 clause 5 of Amendment No.13, clause 3 of Amendment No.14 clause 3 of Amendment No.15 end clause 3 of Amendment No.16, in its entirely and
replace it with the following:

QUOTE



| | 9.1 | Delivery schedule
| | --- | -----------------

9.1.1 Subject to the provisions of Clauses 2, 7, 8, 10 and 18 the Seller
shall have the Aircraft ready for Delivery at the Delivery Location in accordance with the following schedule:



|                                              |  |              |  | 
|--------------------------------------------- |  | ------------ |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  |             
|Ref: CT1202039                                |  | Page 7 of 12 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|                                                       |  |            |  |  |              |  |                     |          |  |                                     
|------------------------------------------------------ |  | ---------- |  |  | ------------ |  | ------------------- | -------- |  | ------------------------------------
|Scheduled Delivery Monthsor Scheduled DeliveryQuarters |  | Ranknumber |  |  | Aircrafttype |  | Aircraft defined as
|2011                                                   |  | July       |  |  | 53           |  |                     | A320-200 |  | First Batch of Incremental Aircraft 
|                                                       |  | July       |  |  | 55           |  |                     | A320-200 |  | First Batch of Incremental Aircraft 
|                                                       |  | August     |  |  | 46           |  |                     | A320-200 |  | First Batch of Incremental Aircraft 
|                                                       |  | September  |  |  | 47           |  |                     | A320-200 |  | First Batch of Incremental Aircraft 
|                                                       |  | October    |  |  | 48           |  |                     | A320-200 |  | First Batch of Incremental Aircraft 
|                                                       |  | November   |  |  | 49           |  |                     | A320-200 |  | First Batch of Incremental Aircraft 
|                                                       |  | November   |  |  | 50           |  |                     | A320-200 |  | First Batch of incremental Aircraft 
|                                                       |  | October    |  |  | 51           |  |                     | A319-100 |  | First Batch of Incremental Aircraft 
|                                                       |  | November   |  |  | 52           |  |                     | A320-200 |  | First Batch of Incremental Aircraft 
|                                                       |  | December   |  |  | 62           |  |                     | A320-200 |  | First Batch of Incremental Aircraft 
|                                                       |  |            |  | 
|2012                                                   |  | January    |  |  | 54           |  |                     | A319-100 |  | Second Batch of Incremental Aircraft
|                                                       |  | March      |  |  | 76           |  |                     | A319-100 |  | 2010 Incremental Aircraft           
|                                                       |  | April      |  |  | 64           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | May        |  |  | 66           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | June       |  |  | 77           |  |                     | A320-200 |  | 2010 Incremental Aircraft           
|                                                       |  | July       |  |  | 78           |  |                     | A320-200 |  | 2010 Incremental Aircraft           
|                                                       |  | July       |  |  | 65           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | August     |  |  | 67           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | September  |  |  | 79           |  |                     | A320-200 |  | 2010 Incremental Aircraft           
|                                                       |  | October    |  |  | 80           |  |                     | A320-200 |  | 2010 Incremental Aircraft           
|                                                       |  | November   |  |  | 68           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | December   |  |  | 69           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  |            |  | 
|2013                                                   |  | January    |  |  | 82           |  |                     | A320-200 |  | 2010 Incremental Aircraft           
|                                                       |  | January    |  |  | 81           |  |                     | A320-200 |  | 2010 Incremental Aircraft           
|                                                       |  | February   |  |  | 56           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | February   |  |  | 71           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | April      |  |  | 83           |  |                     | A320-200 |  | 2010 Incremental Aircraft           
|                                                       |  | April      |  |  | 84           |  |                     | A320-200 |  | 2010 Incremental Aircraft           
|                                                       |  | May        |  |  | 73           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | May        |  |  | 85           |  |                     | A320-200 |  | 2010 Incremental Aircraft           
|                                                       |  | July       |  |  | 58           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | July       |  |  | 59           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | August     |  |  | 74           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | October    |  |  | 60           |  |                     | A320-200 |  | Second Batch of incremental Aircraft
|                                                       |  | November   |  |  | 75           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | December   |  |  | 70           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  |            |  | 
|2014                                                   |  | January    |  |  | 61           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | February   |  |  | 86           |  |                     | A320-200 |  | 2010 Incremental Aircraft           
|                                                       |  | February   |  |  | 87           |  |                     | A321-200 |  | 2010 Incremental Aircraft           
|                                                       |  | April      |  |  | 57           |  |                     | A320-200 |  | Second Batch of Incremental Aircraft
|                                                       |  | May        |  |  | 88           |  |                     | A321-200 |  | 2010 Incremental Aircraft           
|                                                       |  | June       |  |  | 89           |  |                     | A320-200 |  | 2010 Incremental Aircraft           
|                                                       |  | June       |  |  | 90           |  |                     | A321-200 |  | 2010 Incremental Aircraft           



|                                              |  |              |  | 
|--------------------------------------------- |  | ------------ |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  |             
|Ref: CT1202039                                |  | Page 8 of 12 |  | 





---

|                        |  |          |     |  |          |          |                                      |                           |  |                                     
|----------------------- |  | -------- | --- |  | -------- | -------- | ------------------------------------ | ------------------------- |  | ------------------------------------
|                        |  | June     |     |  | 91       |          |                                      | A321-200                  |  | 2010 Incremental Aircraft           
|                        |  | July     |     |  | 63       |          |                                      | A320-200                  |  | Second Batch of Incremental Aircraft
|                        |  | December |     |  | 94       |          |                                      | A321-200                  |  | 2010 Incremental Aircraft           
|                        |  | December |     |  | 98       |          |                                      | A321-200                  |  | 2010 Incremental Aircraft           
|                        |  | December |     |  | 101      |          |                                      | A321-200                  |  | 2010 Incremental Aircraft           
|                        |  |          |    
|[***] [***] [***] [***] |  |          | 105 |  |          | A321-200 |                                      | 2010 Incremental Aircraft
|                        |  | 96       |     |  | A321-200 |          | 2010 Incremental Aircraft           
|                        |  | 72       |     |  | A321-200 |          | Second Batch of Incremental Aircraft
|                        |  | 109      |     |  | A321-200 |          | 2010 Incremental Aircraft           
|                        |  | 93       |     |  | A321-200 |          | 2010 Incremental Aircraft           
|                        |  | 103      |     |  | A321-200 |          | 2010 Incremental Aircraft           
|                        |  | 113      |     |  | A321-200 |          | 2010 Incremental Aircraft           
|                        |  | 92       |     |  | A321-200 |          | 2010 Incremental Aircraft           

9.1.2 [***]

9.1.3 [***]

UNQUOTE



|4. | [***]
|-- | -----

Clause 3.2 of Letter Agreement No. 1 to Amendment No.13 to the Purchase Agreement
is hereby deleted In its entirety and replace it as follows:



|                                              |  |              |  | 
|--------------------------------------------- |  | ------------ |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  |             
|Ref: CT1202039                                |  | Page 9 of 12 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

QUOTE

3.2 Special Condition

[***]

[***]

UNQUOTE



|                                              |  |               |  | 
|--------------------------------------------- |  | ------------- |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  |              
|Ref: CT1202039                                |  | Page 10 of 12 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

|5. | EFFECT OF THE AMENDMENT
|-- | -----------------------



|5.1 | This Amendment No.17 contains the entire agreement between the Parties with respect to the subject matter hereof and supersedes any previous understanding, commitments or representations whatsoever, whether oral or
written.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5.2 | The Purchase Agreement shall be deemed amended to the extent provided in this Amendment No.17 and, except as speciffically amended hereby, shall continue in full force and effect in accordance with its original terms.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5.3 | The Parties agree that this Amendment No.17 shall constitute an integral, non-severable part of the Purchase Agreement and be governed by all of its provisions.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------



|5.4 | In the event of any inconsistency between the terms and conditions of the Purchase Agreement and those of the present Amendment No.17, the latter shall prevail to the extent of such inconsistency, whereas the part not
concerned by such inconsistency shall remain in full force and effect.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5.5 | This Amendment No.17 will not be modified or varied except by an instrument in writing executed by both Parties.
|--- | ----------------------------------------------------------------------------------------------------------------



|5.6 | Each of the Parties hereto agree that the provisions of this Amendment No.17 are personal to it and will not without the prior written consent of the other Party disclose such information to any other person. However,
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

[***]



|5.7 | The Parties agree that clause 21 of the Second A320 Family Purchase Agreement shall govern the assignability and transferability of each Partys rights and obligations under this Amendment No.17.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5.8 | This Amendment No.17 may be signed by the Parties hereto in separate counterparts, each of which when so signed and delivered will be an original, but all such counterparts will together constitute but one and the same
instrument.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5.9 | This Amendment No.17 shall be governed by and construed in accordance with the laws of England.
|--- | -----------------------------------------------------------------------------------------------



|                                              |  |               |  | 
|--------------------------------------------- |  | ------------- |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  |              
|Ref: CT1202039                                |  | Page 11 of 12 |  | 



[***] This information is
subject to confidential treatment and has been omitted and filed separately with the commission.



---

IN WITNESS WHEREOF this Amendment No.17 to the Second A320 Family Purchase Agreement was duly entered into the
day and year first above written.



|                          |  |                |  |                                                   |  |       |  | 
|------------------------- |  | -------------- |  | ------------------------------------------------- |  | ----- |  | 
|Agreed and Accepted       |  |                |  | Agreed and Accepted                              
|                          |  |               
|For and on behalf of      |  |                |  | For and on behalf of                             
|                          |  |               
|LATAM AIRLINES GROUP S.A. |  |                |  | AIRBUS S.A.S                                     
|                          |  |               
|                          |  |                |  | Christophe Mourey
Senior Vice President Contracts
|                          |  |                |  |                                                  
|By:                       |  | /s/ [eligible] |  |                                                   |  | By:   |  | 
|Its:                      |  |                |  |                                                   |  | Its:  |  | 
|Date:                     |  |                |  |                                                   |  | Date: |  | 



LOGO



|                                              |  |               |  | 
|--------------------------------------------- |  | ------------- |  | 
|A320F - LAN - AMDT 17 - Second A320 Family PA |  | LOGO         
|Ref: CT1202039                                |  | Page 12 of 12 |  |