Exhibit 4.29.4



AMENDMENT N°4



TO THE



A350 XWB PURCHASE AGREEMENT



BETWEEN



AIRBUS S.A.S.

as Seller



AND



LATAM AIRLINES GROUP S.A.

as Buyer



REF: D10013836



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



Page 1 of 12







AMENDMENT N°4



TO THE



A350 XWB PURCHASE AGREEMENT



This Amendment N°4 is made as of the
15th day of September 2015,



Between



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



1, rond-point Maurice Bellonte

31707 BLAGNAC CEDEX



FRANCE



and registered with the Toulouse Registre du Commerce et
des Sociétés under number RCS Toulouse 383 474 814 (hereinafter referred to as ”the Seller”)
of the one part,



AND



LATAM AIRLINES GROUP S.A.,having its principal office
at:



Edificio Huidobro

Avenida Presidente Riesco 5711 – 20th Floor

Las Condes

SANTIAGO



CHILE



(herein after referred to as “the Buyer”)
of the other part.



The Seller and the Buyer
are hereinafter referred together as the “Parties” or
each as a “Party”



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



Page 2 of 12







WHEREAS



| | A- | The Seller and TAM Linhas Aereas S.A. (the “Original Buyer”) have signed on
20 December 2005 (as amended and restated on 21 January 2008) an A350 XWB Purchase Agreement (Reference CSC.337.0179/07) relating
to the purchase by the Original Buyer and the sale by the Seller of certain A350 XWB aircraft as amended pursuant to an amendment
N°1 dated 28 July 2010 (“Amendment N°1”) and an amendment N°2 dated 15 July 2014 (“Amendment
No2”) which, together with all Exhibits, Appendixes and Letter Agreements, is hereinafter referred to as the
“Agreement”.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | B- | The Buyer, Seller and Original Buyer entered into a novation agreement dated 21 July 2014 (the
“Novation Agreement”) novating the Agreement from the Original Buyer to the Buyer. The Agreement, as novated
pursuant to the Novation Agreement and as further amended pursuant to an amendment N°3 dated 30October 2014 (“Amendment N°3”), is hereinafter referred to as the “A350 XWB Purchase Agreement”.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | C- | The Buyer and the Seller now wish to enter into this amendment No4 (“Amendment
No4”) to modify certain terms and conditions of the A350 XWB Purchase Agreement.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------



NOW THEREFORE IT IS AGREED AS FOLLOWS:



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



Page 3 of 12







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



The
scope of this Amendment N°4
is to [***] and to [***] subject to terms and conditions set out herein.



| | 2. | A350XWB AIRCRAFT [***]
| | -- | ----------------------



| | 2.1 | Pursuant to the Amended and Restated Letter
Agreement N°4 to the
A350 XWB Purchase Agreement, the Seller has granted the Buyer [***].
| | --- | -------------------------------------------------------------------------------------------------------------------------------------



| |  | Notwithstanding the foregoing, subject
to the terms and conditions of this Amendment N°4,
the Buyer has requested and the Seller hereby agrees to [***] and to [***] in accordance with the following scheduled delivery
periods (the “New Scheduled Delivery Periods”):
| |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Aircraft Rank No |  | CACID |  | [***] Aircraft Type |  | [***] Scheduled Delivery Period |  | [***]  Aircraft Type |  | [***] Scheduled Delivery Period
|---------------- |  | ----- |  | ------------------- |  | ------------------------------- |  | -------------------- |  | -------------------------------
|16               |  | [***] |  | A350-[***] XWB      |  | [***]                           |  | A350- [***] XWB      |  | [***]                          
|17               |  | [***] |  | A350-[***]  XWB     |  | [***]                           |  | A350-[***] XWB       |  | [***]                          
|18               |  | [***] |  | A350-[***]  XWB     |  | [***]                           |  | A350-[***]  XWB      |  | [***]                          
|21               |  | [***] |  | A350-[***]  XWB     |  | [***]                           |  | A350-[***] XWB       |  | [***]                          
|22               |  | [***] |  | A350-[***]  XWB     |  | [***]                           |  | A350-[***] XWB       |  | [***]                          
|23               |  | [***] |  | A350-[***]  XWB     |  | [***]                           |  | A350- [***] XWB      |  | [***]                          



| |  | Such [***] shall not prejudice the rights of the Buyer to [***] pursuant to [***] to the A350 XWB
Purchase Agreement.
| |  | ---------------------------------------------------------------------------------------------------------------------



| |  | For the sake of clarity, the term [***] shall mean the period starting on [***].
| |  | --------------------------------------------------------------------------------

| |  | 
| |  | 

| | 2.2 | In consideration of the Seller agreeing
[***] as set forth in Clause 2.1 above, the Buyer hereby irrevocably waives any and all its rights to [***] under the A350 XWB
Purchase Agreement. Upon signature of this Amendment N°4,
the provisions of [***] to the A350 XWB Purchase Agreement (as amended under Clause 2.6 of Amendment N°3)
shall become null and void and of no force and effect.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | TERMS APPLICABLE TO THE [***] A350-[***] XWB AIRCRAFT
| | -- | -----------------------------------------------------



| | 3.1 | Each [***] Aircraft shall be deemed to be an [***] Aircraftwithin
the meaning of the A350 XWB Purchase Agreement and, unless otherwise expressly stipulated herein, all terms and conditions applicable
to the [***] Aircraft under the A350 XWB Purchase Agreement shall apply to the [***] Aircraft.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



Page 4 of 12







| | 3.2 | For the avoidance of doubt, the [***] Aircraft shall not be subject to [***].
| | --- | -----------------------------------------------------------------------------



| | 4. | A350XWB AIRCRAFT [***] DELIVERY SCHEDULE
| | -- | ----------------------------------------



As
a result of (a) the [***] set forth in Clause 2.1 above and (b) the Parties agreeing to [***], the delivery schedule set forth
in Clause 9.1.1 of the A350 XWB PurchaseAgreement
(as amended from time to time) shall be hereby cancelled and replaced with the following:



|Aircraft Rank  |  | New CACID |  | Aircraft Type   |  | Delivery Date
|-------------- |  | --------- |  | --------------- |  | -------------
|               |  |           |  |                 |  |              
|Aircraft N° 1  |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 2  |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 3  |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 4  |  | [***]     |  | A350- [***] XWB |  | [***]        
|Aircraft N° 5  |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 6  |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 7  |  | [***]     |  | A350-[***] XWB  |  | [***]        
|               |  |           |  |                 |  |              
|Aircraft N° 8  |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 9  |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 10 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 11 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 12 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 13 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 14 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 15 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|               |  |           |  |                 |  |              
|Aircraft N° 16 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 17 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 18 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|               |  |           |  |                 |  |              
|Aircraft N° 19 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 20 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 21 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|               |  |           |  |                 |  |              
|Aircraft N° 22 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 23 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|               |  |           |  |                 |  |              
|Aircraft N° 24 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 25 |  | [***]     |  | A350-[***]XWB   |  | [***]        
|               |  |           |  |                 |  |              
|Aircraft N° 26 |  | [***]     |  | A350-[***] XWB  |  | [***]        
|Aircraft N° 27 |  | [***]     |  | A350-[***] XWB  |  | [***]        



In respect of the [***] [***]
Aircraft to be delivered pursuant to Clause 9.1.1 of the A350 XWB Purchase Agreement (as amended from time to time), the Scheduled
Delivery [***] shall be notified in writing by the Seller to the Buyer no later than [***] prior to the [***] day of the [***].



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



Page 5 of 12







The Scheduled Delivery [***]
of the [***] Aircraft to be delivered to the Buyer pursuant to Clause 9.1.1 of the A350 XWB Purchase Agreement (as amended from
time to time) shall be within [***] prior to the [***] day of the Scheduled Delivery [***] of the [***] XWB Aircraft to be delivered
to the Buyer pursuant to Clause 9.1.1 of the A350 XWB Purchase Agreement (as amended from time to time). For the avoidance of doubt,
the Seller shall be under no obligation to establish that [***] Aircraft to be delivered to the Buyer pursuant to Clause 9.1.1
of the A350 XWB Purchase Agreement (as amended from time to time) are [***].



| | 5. | PREDELIVERY PAYMENTS
| | -- | --------------------



| | 5.1 | As a consequence of the [***] set forth
in Clause 2.1 above, in respect of each [***] XWB Aircraft, the [***] shall be [***] based on (a) the [***] set out in Clause 5.3.1.2
of the Agreement (as amended by Letter Agreement No11, and as further amended by Clause 5 of Amendment N°2)
in respect of A350-[***] XWB Aircraft and (b) the [***] set out in Clause 2.1 hereof. Such Predelivery Payments shall be made pursuant
to the schedule set out in Clause 5.3.2 of the Agreement (as amended by Letter Agreement No11) and Predelivery Payments
in the amount of USD [***] (US dollars—[***] and becoming due [***] as a result of the [***] shall be paid by the Buyer to
the Seller on such date.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 5.2 | Clause 5.3.1.1 of the Agreement, as amended
by Letter Agreement No11, and as further amended by Clause 5 of Amendment N°2
and Clause 2.4 of Amendment N°3,
is hereby cancelled in its entirety and replaced by the following quoted provisions:
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  | QUOTE
| |  | -----

5.3.1.1 [***]



[***]



| |  | UNQUOTE
| |  | -------



| | 5.3 | For the avoidance of doubt, Clause 5.3.1.1
of the A350 XWB Purchase Agreement (as amended under Clause 5.2 of this Amendment N°4)
shall not apply to the [***] XWB Aircraft bearing CAC ID [***].
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



[***]

| | 6.1 | [***]
| | --- | -----



| | 6.1.1 | [***]
| | ----- | -----



| | 6.1.2 | [***].
| | ----- | ------



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



Page 6 of 12







| | 6.2 | [***]
| | --- | -----



[***]



| | 6.3 | [***]
| | --- | -----



[***]:



[***]



| | 2.1 | [***]
| | --- | -----



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



[***]



| | 6. | [***]
| | -- | -----



7.



|7.1 | [***]:
|--- | ------



[***]



| | 7. | [***]
| | -- | -----



[***]:



| | · | [***]:
| | - | ------



[***]



| | · | [***]:
| | - | ------



[***]



[***].

[***].



[***].



[***]



| | 7.2 | [***].
| | --- | ------



| | 8. | [***]
| | -- | -----



| | 8.1 | [***]:
| | --- | ------



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



Page 7 of 12







[***].



[***].



| | 8.2 | [***]:
| | --- | ------



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



| | 8.3 | [***]
| | --- | -----



| | 8.4 | [***].
| | --- | ------



| | 8.5 | [***].
| | --- | ------



| | 8.6 | [***].
| | --- | ------



| | 8.7 | [***]:
| | --- | ------



[***]
[***]:



[***]



[***]



|[***] | : | [***];
|----- | - | ------
|      |   |       
|[***] | : | [***];
|      |   |       
|[***] | : | [***] 
|      |   |       
|[***] | : | [***] 



[***],



[***]
[***].



| | 9. | TRAINING MATTERS
| | -- | ----------------



| | 9.1 | The first paragraph of Appendix A to Clause 16 of the Agreement is hereby cancelled in its entirety
and replaced by the following quoted provisions:
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------



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



Page 8 of 12







| |  | QUOTE
| |  | -----



For the avoidance of doubt, all
quantities indicated below are the total quantities granted for the whole of the Buyer’s fleet of [***], unless otherwise
specified.



UNQUOTE



| | 9.2 | Clause 1.1 of Appendix A to Clause 16 of the Agreement is hereby cancelled in its entirety and
replaced by the following quoted provisions:
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------



| |  | QUOTE
| |  | -----



| | 1.1 | Flight Crew Training (standard transition course or cross crew qualification (CCQ))
| | --- | -----------------------------------------------------------------------------------



The Seller shall provide flight
crew training (standard transition course) free of charge for [***] of the Buyer's flight crews per firmly ordered Aircraft. The
Buyer shall be entitled to convert any [***] standard transition course into [***] Cross Crew Qualification training courses (CCQ).
Such CCQ shall be between A320 or A330 and A350.



| |  | UNQUOTE
| |  | -------



| | 9.3 | The Seller hereby confirms that the training required to transition flight crews between A350-[***]
XWB aircraft and A350-[***] XWB aircraft shall consist in a courseware familiarisation briefing (via e-learning) that shall be
provided to the Buyer [***].
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 10. | MISCELLANEOUS PROVISIONS
| | --- | ------------------------



If not otherwise expressly stated
in this Amendment N°4, the A350 XWB Purchase Agreement shall apply also to this Amendment N°4.



This Amendment N°4 supersedes
any previous understandings, commitments or representations whatsoever oral or written with respect to the matters referred to
herein. This Amendment N°4 shall not be varied except by an instrument in writing of date even herewith or subsequent hereto
executed by both parties or by their duly authorised representatives.



Capitalized terms used herein
and not otherwise defined herein shall have the meanings assigned thereto in the A350 XWB Purchase Agreement. The terms “herein”,
“hereof” and “hereunder” and words of similar import refer to this Amendment N°4.



In the event of any inconsistency
between the A350 XWB Purchase Agreement and this Amendment N°4, the latter shall prevail to the extent of said inconsistency.



Save to the extent expressly
amended by the terms of this Amendment N°4, the A350 XWB Purchase Agreement shall remain in full force and effect in accordance
with its terms.



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



Page 9 of 12







This
Amendment N°4 (and its existence) shall be treated by each Party as confidential in accordance with the terms of Clause 22.10
of the A350 XWB PurchaseAgreement.



This Amendment N°4 may be
executed by the Parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such
counterparts shall together constitute one and the same Amendment N°4.



| | 11. | LAW AND JURISDICTION
| | --- | --------------------



| | 11.1 | This Amendment N°4 shall be governed by and construed in accordance with the laws of England.
Any dispute arising out of or in connection with this Amendment N°4 shall be within the exclusive jurisdiction of the Courts
of England.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 11.2 | The following documents shall, notwithstanding any provision to the contrary, be governed by and
construed in accordance with the laws of England and any dispute arising out of or in connection with any of these documents shall
be within the exclusive jurisdiction of the Courts of England:
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (i) | [***]
| | --- | -----

| | (ii) | Amendment No1 and Letter Agreement No. 1 attached thereto, and
| | ---- | --------------------------------------------------------------

| | (iii) | Amendment No2 and Letter Agreements Nos. 1 and 2 attached thereto, and
| | ----- | ----------------------------------------------------------------------

| | (iv) | [***]
| | ---- | -----

| | (v) | Novation Agreement.
| | --- | -------------------



| | 11.3 | The Buyer appoints the person from time to time appointed by the Buyer under the Companies
Act 2006 and notified to Seller in writing to receive on its behalf in England service of any proceedings under the A350 XWB Purchase
Agreement. Such service shall be deemed completed on delivery to such agent (whether or not it is forwarded to and received by
the Buyer) and shall be valid until such time as the Seller has received prior written notice that such agent has ceased to act
as agent. The name and address of the agent appointed by the Buyer at the time of execution of this Amendment N°4 shall be
notified in writing to the Seller at such time. If for any reason such agent ceases to be able to act as agent or no longer has
an address in England, the Buyer shall forthwith appoint a substitute acceptable to the Seller and deliver to the Seller the new
agent’s name and address in England.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 11.4 | The Seller appoints [***] as its agent to receive on its behalf in England service of any
proceedings under the A350 XWB Purchase Agreement. Such service shall be deemed completed on delivery to such agent (whether or
not it is forwarded to and received by the Seller) and shall be valid until such time as the Buyer has received prior written notice
that such agent has ceased to act as agent. If for any reason such agent ceases to be able to act as agent or no longer has an
address in England, the Seller shall forthwith appoint a substitute acceptable to the Buyer and deliver to the Buyer the new agent’s
name and address in England.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



Page 10 of 12







| | 12. | SEVERABILITY
| | --- | ------------



In the event that any provision
of this Amendment N°4 should for any reason be held ineffective, the remainder of this Amendment N°4 shall remain in full
force and effect. To the extent permitted by applicable law, each party hereto hereby waives any provision of law which renders
any provision of this Amendment N°4 prohibited or unenforceable in any respect. Any provisions of this Amendment N°4 which
may prove to be or become, illegal, invalid or unenforceable in whole or in part, shall as far as reasonably possible, and subject
to applicable law, be performed in accordance with the spirit and purpose of this Amendment N°4.



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



Page 11 of 12







This Amendment N°4 has been executed
in two (2) original specimens which are in English.



IN WITNESS WHEREOFthis Amendment
N°4 to the A350 XWB Purchase Agreement was duly entered into the day and year first above written.



|For and on behalf of      | For and on behalf of
|------------------------- | --------------------
|                          |                     
|LATAM AIRLINES GROUP S.A. | AIRBUS S.A.S.       
|                          |                     
|Name :                    | Name :              
|                          |                     
|Title :                   | Title :             



Name:



Title



Witness



Name:

Title:



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





Page 12 of 12









AMENDMENT N°5



TO THE



A350 XWB PURCHASE AGREEMENT



BETWEEN



AIRBUS S.A.S.

as Seller



AND



LATAM AIRLINES GROUP S.A.

as Buyer



REF: D10013836



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



Page 1 of 10







AMENDMENT N°5



TO THE



A350 XWB PURCHASE AGREEMENT



This Amendment N°5 is made as of the
19th day of November 2015,



Between



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



1, rond-point Maurice Bellonte

31707 BLAGNAC CEDEX



FRANCE



and registered with the Toulouse Registre du Commerce et
des Sociétés under number RCS Toulouse 383 474 814 (hereinafter referred to as ”the Seller”)
of the one part,



AND



LATAM AIRLINES GROUP S.A.,having its principal office
at:



Edificio Huidobro

Avenida Presidente Riesco 5711 – 20th Floor

Las Condes

SANTIAGO



CHILE



(herein after referred to as “the Buyer”)
of the other part.



The Seller and the Buyer
are hereinafter referred together as the “Parties” or
each as a “Party”



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



Page 2 of 10







WHEREAS



| | A- | The Seller and TAM Linhas Aereas S.A. (the “Original Buyer”) have signed on
20 December 2005 (as amended and restated on 21 January 2008) an A350 XWB Purchase Agreement (Reference CSC.337.0179/07) relating
to the purchase by the Original Buyer and the sale by the Seller of certain A350 XWB aircraft as amended pursuant to an amendment
N°1 dated 28 July 2010 (“Amendment N°1”) and an amendment N°2 dated 15 July 2014 (“Amendment
No2”) which, together with all Exhibits, Appendixes and Letter Agreements, is hereinafter referred to as the
“Agreement”.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | B- | The Buyer, Seller and Original Buyer entered into a novation agreement dated 21 July 2014 (the
“Novation Agreement”) novating the Agreement from the Original Buyer to the Buyer. The Agreement, as novated
pursuant to the Novation Agreement and as further amended pursuant to an amendment N°3 dated 30 October 2014 (“Amendment
N°3”), an amendment N°4 dated 15 September 2015 (“Amendment N°4”) and the revised scheduled
delivery quarter notification dated 30 September 2015 (the “Rescheduling Notification”), is hereinafter referred
to as the “A350 XWB Purchase Agreement”.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | C- | The Buyer and the Seller now wish to enter into this amendment No5 (“Amendment
N°5”) to modify certain terms and conditions of the A350 XWB Purchase Agreement.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------



NOW THEREFORE IT IS AGREED AS FOLLOWS:



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



Page 3 of 10







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



The
scope of this Amendment N°5
is to [***].



| | 2. | A350XWB AIRCRAFT [***]
| | -- | ----------------------



| | 2.1 | Pursuant to the Amended and Restated Letter
Agreement N°4 to the
A350 XWB Purchase Agreement, the Seller has granted the Buyer the right to [***].
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------



| |  | Notwithstanding the foregoing, subject
to the terms and conditions of this Amendment N°5,
the Buyer has requested and the Seller hereby agrees to [***] and to [***] XWB Aircraft in accordance with the following scheduled
delivery [***] (the “New Scheduled Delivery[***]”):
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|Aircraft Rank No |  | CACID |  | [***]AircraftType |  | [***]ScheduledDelivery[***] |  | [***]AircraftType |  | [***]ScheduledDelivery[***]
|---------------- |  | ----- |  | ----------------- |  | --------------------------- |  | ----------------- |  | ---------------------------
|16               |  | [***] |  | A350- [***] XWB   |  | [***]                       |  | A350-[***] XWB    |  | [***]                      
|17               |  | [***] |  | A350-[***] XWB    |  | [***]                       |  | A350-[***]  XWB   |  | [***]                      
|18               |  | [***] |  | A350-[***] XWB    |  | [***]                       |  | A350-[***] XWB    |  | [***]                      
|19               |  | [***] |  | A350-[***]XWB     |  | [***]                       |  | A350-[***] XWB    |  | [***]                      
|20               |  | [***] |  | A350-[***] XWB    |  | [***]                       |  | A350-[***] XWB    |  | [***]                      
|21               |  | [***] |  | A350-[***] XWB    |  | [***]                       |  | A350-[***] XWB    |  | [***]                      



| | 2.2 | As a result of the [***] as set forth in Clause 2.1 above, it is understood and agreed by the Parties
that [***] under the A350 XWB Purchase Agreement.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | TERMS APPLICABLE TO THE[***] A350-[***]XWB AIRCRAFT
| | -- | ---------------------------------------------------



| | 3.1 | Each [***] A350-[***] XWB Aircraft shall be deemed to be an A350-[***]XWB Aircraft within the meaning
of the A350 XWB Purchase Agreement and, unless otherwise expressly stipulated herein, all terms and conditions applicable to the
A350-[***] XWB Aircraft under the A350 XWB Purchase Agreement shall apply to the [***] A350-[***] XWB Aircraft.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3.2 | For the avoidance of doubt, the [***] A350-[***] XWB Aircraft shall not be subject to [***].
| | --- | --------------------------------------------------------------------------------------------



| | 4. | A350XWB AIRCRAFT[***]DELIVERY SCHEDULE
| | -- | --------------------------------------



As
a result of (a) the [***] A350-[***] XWB Aircraft set forth in the [***], (b) the [***] set forth in Clause 2.1 above and (c) the
Parties agreeing to [***], the delivery schedule set forth in Clause 9.1.1 of the A350 XWB PurchaseAgreement
(as amended from time to time) shall be hereby cancelled and replaced with the following:



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



Page 4 of 10







|Aircraft Rank  |  | New CACID |  | Aircraft Type  |  | Delivery Date
|-------------- |  | --------- |  | -------------- |  | -------------
|               |  |           |  |                |  |              
|Aircraft N° 1  |  | [***]     |  | A350-[***] XWB |  | [***]        
|               |  |           |  |                |  |              
|Aircraft N° 2  |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 3  |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 4  |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 5  |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 6  |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 7  |  | [***]     |  | A350-[***] XWB |  | [***]        
|               |  |           |  |                |  |              
|Aircraft N° 8  |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 9  |  | [***]     |  | A350-[***]XWB  |  | [***]        
|Aircraft N° 10 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 11 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 12 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 13 |  | [***]     |  | A350-[***] XWB |  | [***]        
|               |  |           |  |                |  |              
|Aircraft N° 14 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 15 |  | [***]     |  | A350-[***] XWB |  | [***]        
|               |  |           |  |                |  |              
|Aircraft N° 16 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 17 |  | [***]     |  | A350-[***] XWB |  | [***]        
|               |  |           |  |                |  |              
|Aircraft N° 18 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 19 |  | [***]     |  | A350-[***] XWB |  | [***]        
|               |  |           |  |                |  |              
|Aircraft N° 20 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 21 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 22 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 23 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 24 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 25 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 26 |  | [***]     |  | A350-[***] XWB |  | [***]        
|Aircraft N° 27 |  | [***]     |  | A350-[***] XWB |  | [***]        



Subject to its industrial and
commercial constraints, the Seller shall [***].



| | 5. | PREDELIVERY PAYMENTS
| | -- | --------------------



| | 5.1 | As a consequence of the [***] set forth
in Clause 2.1 above, in respect of each [***] A350-[***] XWB Aircraft, the [***] shall be [***] based on (a) the [***] set out
in Clause 5.3.1.2 of the Agreement (as amended by Letter Agreement No11, and as further amended by Clause 5 of Amendment
N°2) in respect of
A350-[***] XWB Aircraft and (b) the [***] Scheduled Delivery [***] set out in Clause 2.1 hereof. Such Predelivery Payments shall
be made pursuant to the schedule set out in Clause 5.3.2 of the Agreement (as amended by Letter Agreement No11) and
Predelivery Payments in the amount of USD $[***] (United States dollars—[***] becoming due on the date of signature of this
Amendment N°5 as a result of the [***] shall be paid by the Buyer to the Seller on such date.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



Page 5 of 10







| | 5.2 | Clause 5.3.1.1 of the Agreement, as amended
by Letter Agreement No11, and as further amended by Clause 5 of Amendment N°2,
Clause 2.4 of Amendment N°3
and Clause 5.2 of Amendment N°4,
is hereby cancelled in its entirety and replaced by the following quoted provisions:
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  | QUOTE
| |  | -----



| | 5.3.1.1 | [***]:
| | ------- | ------



[***]



| |  | UNQUOTE
| |  | -------



| | 5.3 | For the avoidance of doubt, Clause 5.3.1.1
of the A350 XWB Purchase Agreement (as amended under Clause 5.2 of this Amendment N°5)
shall not apply to the [***] A350-[***] XWB Aircraft bearing CAC ID [***], [***].
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 6. | [***]
| | -- | -----



| | 6.1 | [***]
| | --- | -----



[***].



| | 6.2 | [***]
| | --- | -----



| |  | [***]:
| |  | ------



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



| | 2.1 | [***]
| | --- | -----



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



[***].



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



| | 6.3 | [***]
| | --- | -----

[***].



| | 7. | [***]
| | -- | -----



| | 7.1 | [***]:
| | --- | ------



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



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



Page 6 of 10







| | 7. | [***]
| | -- | -----



[***]:



| | · | [***]:
| | - | ------



[***]



| | · | [***]:
| | - | ------



[***]



[***].



[***].



[***]

[***]



| | 7.2 | [***]
| | --- | -----



[***]:



[***]



| | 1. | [***]
| | -- | -----



[***]:



| | (i) | [***]
| | --- | -----



| | (ii) | [***]
| | ---- | -----



[***]:

[***]

[***]:

[***]:	[***].

[***]:	[***].



[***]



| | 7.3 | [***].
| | --- | ------



| | 7.4 | [***]
| | --- | -----



[***]:



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



Page 7 of 10







| | (i) | [***]:
| | --- | ------



[***]



[***]



| | (ii) | [***]:
| | ---- | ------



[***]



[***].



[***].



| | 8. | PERFORMANCE ENGINEER’S PROGRAM
| | -- | ------------------------------



[***].



| | 9. | MISCELLANEOUS PROVISIONS
| | -- | ------------------------



If not otherwise expressly stated
in this Amendment N°5, the A350 XWB Purchase Agreement shall apply also to this Amendment N°5.



This Amendment N°5 supersedes
any previous understandings, commitments or representations whatsoever oral or written with respect to the matters referred to
herein. This Amendment N°5 shall not be varied except by an instrument in writing of date even herewith or subsequent hereto
executed by both parties or by their duly authorised representatives.



Capitalized terms used herein
and not otherwise defined herein shall have the meanings assigned thereto in the A350 XWB Purchase Agreement. The terms “herein”,
“hereof” and “hereunder” and words of similar import refer to this Amendment N°5.



In the event of any inconsistency
between the A350 XWB Purchase Agreement and this Amendment N°5, the latter shall prevail to the extent of said inconsistency.



Save to the extent expressly
amended by the terms of this Amendment N°5, the A350 XWB Purchase Agreement shall remain in full force and effect in accordance
with its terms.



This
Amendment N°5 (and its existence) shall be treated by each Party as confidential in accordance with the terms of Clause 22.10
of the A350 XWB PurchaseAgreement.



This Amendment N°5 may be
executed by the Parties in separate counterparts, each of which when so executed and delivered shall be an original, but all such
counterparts shall together constitute one and the same Amendment N°5.



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



Page 8 of 10







| | 10. | LAW AND JURISDICTION
| | --- | --------------------



This Amendment N°5 shall
be governed by and construed in accordance with the laws of England. Any dispute arising out of or in connection with this Amendment
N°5 shall be within the exclusive jurisdiction of the Courts of England.



| | 11. | SEVERABILITY
| | --- | ------------



In the event that any provision
of this Amendment N°5 should for any reason be held ineffective, the remainder of this Amendment N°5 shall remain in full
force and effect. To the extent permitted by applicable law, each party hereto hereby waives any provision of law which renders
any provision of this Amendment N°5 prohibited or unenforceable in any respect. Any provisions of this Amendment N°5 which
may prove to be or become, illegal, invalid or unenforceable in whole or in part, shall as far as reasonably possible, and subject
to applicable law, be performed in accordance with the spirit and purpose of this Amendment N°5.



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



Page 9 of 10







This Amendment N°5 has been executed
in two (2) original specimens which are in English.



IN WITNESS WHEREOFthis Amendment
N°5 to the A350 XWB Purchase Agreement was duly entered into the day and year first above written.



|For and on behalf of      | For and on behalf of
|------------------------- | --------------------
|                          |                     
|LATAM AIRLINES GROUP S.A. | AIRBUS S.A.S.       
|                          |                     
|Name :                    | Name :              
|                          |                     
|Title :                   | Title :             



Name:



Title



Witness



Name:

Title:



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



Page 10 of 10







|LETTER AGREEMENT N°1to Amendment N°5 | PROPRIETARY AND CONFIDENTIAL
|------------------------------------ | ----------------------------



LATAM AIRLINES GROUP S.A.

Edificio Huidobro

Avenida Presidente Riesco 5711 - 20th Floor

Las Condes

SANTIAGO

CHILE



Subject: Special[***] Right



LATAM AIRLINES GROUP S.A. (“the
Buyer”) and AIRBUS S.A.S. (“the Seller”) have entered into an amendment N°5 to the A350 XWB Purchase
Agreement (the “Amendment N°5”) dated as of even date herewith which covers the [***] as described in Amendment
N°5.



Capitalized terms used herein and not otherwise
defined in this Letter Agreement shall have the meanings assigned thereto in the Amendment N°5 and/or the A350 XWB Purchase
Agreement, as the case may be.



Both parties agree that this Letter Agreement,
upon execution thereof, shall constitute an integral, non-severable part of said Amendment N°5 and shall be governed by all
its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement.



Letter Agreement
N°1 to Amendment N°5 - Page 1/4



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













|LETTER AGREEMENT N°1to Amendment N°5 | PROPRIETARY AND CONFIDENTIAL
|------------------------------------ | ----------------------------



| | 1. | Special[***]Right
| | -- | -----------------



| | 1.1 | [***].
| | --- | ------



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



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



| | 1.3 | [***].
| | --- | ------



| | 1.4 | [***].
| | --- | ------



[***].



[***].



| | 1.5 | [***].
| | --- | ------



| | 2. | Assignment
| | -- | ----------



| |  | Notwithstanding any other provision of this Letter Agreement or of the A350 XWB Purchase Agreement,
this Letter Agreement and the rights and obligations of the Buyer herein shall not be assigned or transferred in any manner, and
any attempted assignment or transfer in contravention of the provisions of this Clause shall be void and of no force or effect.
| |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 3. | Confidentiality
| | -- | ---------------



| |  | This Letter Agreement is subject to the terms and conditions of Clause 22.10 of the A350 XWB Purchase
Agreement.
| |  | ----------------------------------------------------------------------------------------------------------------



| | 4. | Law and Jurisdiction
| | -- | --------------------



This
Letter Agreement shall be governed by and construed in accordance with the laws of England. Any dispute arising out of or in connection
with this Letter Agreement shall be within the exclusive jurisdiction of the Courts of England.



| | 5. | Severability
| | -- | ------------



| |  | In the event that any provision of this Letter Agreement should for any reason be held ineffective,
the remainder of this Letter Agreement shall remain in full force and effect. To the extent permitted by applicable law, each party
hereto hereby waives any provision of law which renders any provision of this Letter Agreement prohibited or unenforceable in any
respect. Any provisions of this Letter Agreement which may prove to be or become, illegal, invalid or unenforceable in whole or
in part, shall as far as reasonably possible, and subject to applicable law, be performed in accordance with the spirit and purpose
of this Letter Agreement.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Letter
Agreement N°1 to Amendment N°5 - Page 2/4



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













|LETTER AGREEMENT N°1to Amendment N°5 | PROPRIETARY AND CONFIDENTIAL
|------------------------------------ | ----------------------------



| | 6. | Alterations to Contract
| | -- | -----------------------



| |  | This Letter Agreement contains the entire agreement between the parties with respect to the subject
matter hereof and supersedes any previous understandings, commitments or representations whatsoever oral or written in respect
thereto. This Letter Agreement shall not be varied except by an instrument in writing of date even herewith or subsequent hereto
executed by both parties or by their duly authorised representatives.
| |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



If the foregoing correctly sets forth our
understanding, please execute two (2) originals in the space provided below and return one (1) original of this Letter Agreement
to the Seller.



Letter Agreement
N°1 to Amendment N°5 - Page 3/4



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











|LETTER AGREEMENT N°1to Amendment N°5 | PROPRIETARY AND CONFIDENTIAL
|------------------------------------ | ----------------------------



|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.       
|                          |                     
|Name  :                   | Name :              
|                          |                     
|Title :                   | Title :             
|                          |                     
|Date :                    | Date  :             



Name :



Title :



Date :



Witness



Name :



Title :



Letter Agreement
N°1 to Amendment N°5 - Page 4/4



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