Exhibit 4.20.1

AMENDMENT No.1

TO THE

A320 FAMILY PURCHASE AGREEMENT

BETWEEN

LATAM AIRLINES GROUP
S.A.

(formerly known as LAN AIRLINES S.A.)

AND

AIRBUS S.A.S.





|                                           |  |               |  | 
|------------------------------------------ |  | ------------- |  | 
|A320NEO - LAN - AMDT 1 - A320NEO Family PA |  |              
|Ref: CT11011951                            |  | Page
 1
 of 5 |  | 



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



---

This amendment No.1 to the Agreement (as defined below) is entered into as of this 27th day of February 2013, 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

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

WHEREAS



|A. | The Buyer and the Seller entered into an A320 NEO Purchase Agreement dated June 22, 2011 covering the purchase by the Buyer and the sale by the Seller of twenty (20) A320 NEO Aircraft and such purchase
agreement, together with all exhibits, appendices and letter agreements thereto are together referred to as the Agreement.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B. | The Buyer and the Seller now wish to enter into this amendment No. 1 to the Agreement (the Amendment No. 1) covering the [***] the Propulsion Systems.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------

NOW IT IS HEREBY AGREED AS FOLLOWS:



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

The terms herein, hereof, and hereunder and
words of similar import refer to this Amendment No.1 and capitalized terms used herein and not otherwise defined in this Amendment No.1 will have the meanings assigned to them in the Agreement.



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

The Buyer and the Seller have agreed to [***]

the Propulsion Systems.



|                                           |  |               |  | 
|------------------------------------------ |  | ------------- |  | 
|A320NEO - LAN - AMDT 1 - A320NEO Family PA |  |              
|Ref: CT11011952                            |  | Page
 2
 of 5 |  | 



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



---

|2. | PROPULSION SYSTEMS SELECTION
|-- | ----------------------------



|2.1 | Paragraph 2.3.2 of the Agreement is deleted in its entirety and replaced with the following:
|--- | --------------------------------------------------------------------------------------------

QUOTE

The Buyer shall provide
written notice to the Seller of its choice of Propulsion Systems for the Aircraft by

[***]

UNQUOTE



|2.2 | [***]
|--- | -----





|                                           |  |               |  | 
|------------------------------------------ |  | ------------- |  | 
|A320NEO - LAN - AMDT 1 - A320NEO Family PA |  |              
|Ref: CT11011953                            |  | Page
 3
 of 5 |  | 



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



---

|3. | EFFECT OF THE AMENDMENT
|-- | -----------------------



|3.1 | This Amendment No.1 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.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.2 | The Agreement shall be deemed amended to the extent provided in this Amendment No.1 and, except as specifically amended hereby, shall continue in full force and effect in accordance with its original terms.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.3 | The Parties agree that this Amendment No.1 shall constitute an integral, non-severable part of the Agreement and be governed by all of its
|--- | ------------------------------------------------------------------------------------------------------------------------------------------



|3.4 | In the event of any inconsistency between the terms and conditions of the Agreement and those of the present Amendment No.1, 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.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.5 | This Amendment No.1 will not be modified or varied except by an instrument in writing executed by both Parties.
|--- | ---------------------------------------------------------------------------------------------------------------



|3.6 | The Parties hereby acknowledge and agree that this Amendment is subject to the confidentiality provisions set forth in Clause 22.12 of the Agreement.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------



|3.7 | The Parties agree that clause 21 of the Agreement shall govern the assignability and transferability of each Partys rights and obligations under this Amendment No.1.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.8 | This Amendment No.1 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.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.9 | This Amendment No.1 shall be governed by and construed in accordance with the laws of England.
|--- | ----------------------------------------------------------------------------------------------



|                                           |  |               |  | 
|------------------------------------------ |  | ------------- |  | 
|A320NEO - LAN - AMDT 1 - A320NEO Family PA |  |              
|Ref: CT11011954                            |  | Page
 4
 of 5 |  | 



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



---

IN WITNESS WHEREOF this Amendment No.1 to the 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



| |  |      |  |       |  |                                                 
| |  | ---- |  | ----- |  | ------------------------------------------------
| |  |      |  |       |  |                                                 
| |  |      | 
| |  | LOGO |  |       |  | Chrisophe Mourey
Senior Vice President Contracts
| |  |      |  | Its:  |  |                                                 
| |  |      |  | Date: |  |                                                 



|                          |  |                                  
|------------------------- |  | ---------------------------------
|LATAM AIRLINES GROUP S.A.
|                          | 
|By:                       |  | /s/ OSCAR AGUAYO                 
|                          | 
|Its:                      |  | OSCAR AGUAYO                     
|                          |  | Director Flota Propia [illegible]
|                          | 
|Date:                     |  |                                  



|                                           |  |               |  | 
|------------------------------------------ |  | ------------- |  | 
|A320NEO - LAN - AMDT 1 - A320NEO Family PA |  |              
|Ref: CT11011951                            |  | Page
 5
 of 5 |  | 



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



---

AMENDMENT No.2

TO THE

A320 FAMILY PURCHASE
AGREEMENT

BETWEEN

LATAM
AIRLINES GROUP S.A.

(formerly known as LAN AIRLINES S.A.)

AND

AIRBUS S.A.S.





|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 2 - A320NEO Family PA |  |            
|Ref: CT11011951                            |  | Page 1 of 6 |  | 





---

This amendment No.2 to the Agreement (as defined below) is entered into as of this 15thday of 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 Huldobro

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.

WHEREAS



|A. | The Buyer and the Seller entered into an A320 NEO Purchase Agreement dated June 22, 2011 covering the purchase by the Buyer and the sale by the Seller of twenty (20) A320 NEO Aircraft and such purchase
agreement, together with all exhibits, appendices and letter agreements thereto are together referred to as the Agreement.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B. | The Buyer and the Seller entered into an amendment No. 1 to the Agreement dated February 27, 2013 (the Amendment No. 1) covering the [***] of the date by which the Buyer selects the
Propulsion Systems.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|C. | The Buyer and the Seller entered into an A320 family purchase agreement dated March 20,1998 covering the purchase by the Buyer and the sale by the Seller of certain 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.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|D. | The Buyer and the Seller entered into a deed of amendment and restatement of the Original A320 Family Purchase Agreement, dated August 2, 2000, dividing the Original A320 Family Purchase Agreement into two
(2) separate purchase agreements and pursuant to the second such agreement as supplemented with all exhibits, appendices and as amended, supplemented or otherwise modified to and including the date hereof (the Second A320 Family
Purchase Agreement) whereby, among other matters, the Seller shall sell and deliver and the Buyer shall take delivery of i) 2010 Incremental Aircraft (as such term is defined in the Second A320 Family Purchase Agreement) and ii) Second
Batch of Incremental Aircraft (as such term is defined in the Second A320
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 2 - A320NEO Family PA |  |            
|Ref: CT11011952                            |  | Page 2 of 6 |  | 



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



---

| | Family Purchase Agreement). Pursuant to amendment No.16 to the Second A320 Family Purchase Agreement dated of even date herewith, the Parties have agreed to convert twelve (12) 2010
Incremental Aircraft into 2014 Incremental NEO Aircraft (as such term is defined below).
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



|F. | The Buyer and the Seller now wish to enter into this amendment No. 2 to the Agreement (the Amendment No. 2) covering the order of 12 (twelve) incremental A320 NEO Aircraft to become the 2014
Incremental NEO Aircraft (as such term is defined below), such aircraft having been converted from 12 (twelve) 2010 Incremental Aircraft (as such term is defined in the Second A320 Family Purchase Agreement), and amending certain terms of the
Agreement.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

NOW IT IS HEREBY AGREED AS FOLLOWS:



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

The terms herein, hereof, and hereunder and
words of similar import refer to this Amendment No.2 and capitalized terms used herein and not otherwise defined in this Amendment No.2 will have the meanings assigned to them in the Agreement.



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



|1.1 | The Seller shall sell and deliver and the Buyer shall buy and take delivery of 12 (twelve) additional A320 NEO Aircraft upon the terms and conditions contained in this Amendment No.2 (the 2014 Incremental NEO
Aircraft), such 2014 Incremental NEO Aircraft having been converted from 2010 Incremental Aircraft (as such term is defined in the Second A320 Family Purchase Agreement).
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|1.2 | All references to Aircraft in the Agreement and this Amendment No.2 shall be also deemed to refer to the 2014 Incremental NEO Aircraft unless expressly stipulated otherwise herein.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2. | 2014 INCREMENTAL NEO AIRCRAFT
|-- | -----------------------------



|2.1 | DELIVERY SCHEDULE
|--- | -----------------



|2.1.1 | The Parties agree to delete the table contained in clause 9.1.1 of the Agreement in its entirety and replace it with the following:
|----- | -----------------------------------------------------------------------------------------------------------------------------------

QUOTE



|                            |  |             |  |               |  |                    
|--------------------------- |  | ----------- |  | ------------- |  | -------------------
|Scheduled Delivery
Quarters |  | Rank
number |  | Aircraft
type |  | Aircraft defined as
|[***]                       |  | 1           |  | A320          |  | NEO Aircraft       



|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 2 - A320NEO Family PA |  |            
|Ref: CT11011953                            |  | Page 3 of 6 |  | 



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



---

|      |  |    |  |      |  |                              
|----- |  | -- |  | ---- |  | -----------------------------
|[***] |  | 2  |  | A320 |  | NEO Aircraft                 
|      |  | 3  |  | A320 |  | NEO Aircraft                 
|      |  | 4  |  | A320 |  | NEO Aircraft                 
|      |  | 5  |  | A320 |  | NEO Aircraft                 
|      |  | 6  |  | A320 |  | NEO Aircraft                 
|      |  | 7  |  | A320 |  | NEO Aircraft                 
|      |  | 8  |  | A320 |  | NEO Aircraft                 
|      |  | 9  |  | A320 |  | NEO Aircraft                 
|      |  | 10 |  | A320 |  | NEO Aircraft                 
|      |  | 11 |  | A320 |  | NEO Aircraft                 
|      |  | 12 |  | A320 |  | NEO Aircraft                 
|      |  | 13 |  | A320 |  | NEO Aircraft                 
|      |  | 14 |  | A320 |  | NEO Aircraft                 
|      |  | 15 |  | A320 |  | NEO Aircraft                 
|      |  | 16 |  | A320 |  | NEO Aircraft                 
|      |  | 17 |  | A320 |  | NEO Aircraft                 
|      |  | 18 |  | A320 |  | NEO Aircraft                 
|      |  | 19 |  | A320 |  | NEO Aircraft                 
|      |  | 20 |  | A320 |  | NEO Aircraft                 
|      |  | 21 |  | A320 |  | 2014 Incremental NEO Aircraft
|      |  | 22 |  | A320 |  | 2014 Incremental NEO Aircraft
|      |  | 23 |  | A320 |  | 2014 Incremental NEO Aircraft
|      |  | 24 |  | A320 |  | 2014 Incremental NEO Aircraft
|      |  | 25 |  | A320 |  | 2014 Incremental NEO Aircraft
|      |  | 26 |  | A320 |  | 2014 Incremental NEO Aircraft
|      |  | 27 |  | A320 |  | 2014 Incremental NEO Aircraft
|      |  | 28 |  | A320 |  | 2014 Incremental NEO Aircraft
|      |  | 29 |  | A320 |  | 2014 Incremental NEO Aircraft
|      |  | 30 |  | A320 |  | 2014 Incremental NEO Aircraft
|      |  | 31 |  | A320 |  | 2014 Incremental NEO Aircraft
|      |  | 32 |  | A320 |  | 2014 Incremental NEO Aircraft

UNQUOTE



|2.2 | PREDELIVERY PAYMENTS
|--- | --------------------

The Predelivery Payments due to the Seller in respect of the 2014
Incremental NEO Aircraft upon the signature of this Amendment No.2 is [***]

being the amount due in accordance with clause 5.3 of the
Agreement as of the date hereof and the Parties agree [***]



|3. | [***]
|-- | -----



|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 2 - A320NEO Family PA |  |            
|Ref: CT11011954                            |  | Page 4 of 6 |  | 



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



---

[***]



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



|4.1 | This Amendment No.2 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 Agreement shall be deemed amended to the extent provided in this Amendment No.2 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.2 shall constitute an integral, non-severable part of the Agreement and be governed by all of its provisions.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------



|4.4 | In the event of any inconsistency between the terms and conditions of the Agreement and those of the present Amendment No.2, 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.2 will not be modified or varied except by an instrument in writing executed by both Parties.
|--- | ---------------------------------------------------------------------------------------------------------------



|4.6 | The Parties hereby acknowledge and agree that this Amendment is subject to the confidentiality provisions set forth in Clause 22.12 of the Agreement.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------



|4.7 | The Parties agree that clause 21 of the Agreement shall govern the assignability and transferability of each Partys rights and obligations under this Amendment No.2.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.8 | This Amendment No.2 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.2 shall be governed by and construed in accordance with the laws of England.
|--- | ----------------------------------------------------------------------------------------------





|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 2 - A320NEO Family PA |  |            
|Ref: CT11011955                            |  | Page 5 of 6 |  | 



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



---

IN WITNESS WHEREOF this Amendment No.2 to the 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:                                      |  | 
|Its:                                      |  | Chief Corporate Officer |  |  |  |                                           |  | 
|                                          |  | LATAM Airlines Group    |  |  |  |                                           |  | 
|                                          |  |                         |  | 
|Date:                                     |  |                         |  |  |  | Date:                                     |  | 
|                                          |  |                         |  |  |  |                                          



LOGO



|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 2 - A320NEO Family PA |  | LOGO       
|Ref: CT11011956                            |  | Page 6 of 6 |  | 





---

AMENDMENT No. 3

TO THE

A320 FAMILY PURCHASE
AGREEMENT

BETWEEN

LATAM
AIRLINES GROUP S.A.

(formerly known as LAN AIRLINES S.A.)

AND

AIRBUS S.A.S.



|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 3 - A320NEO Family PA |  |            
|Ref: CT1101195                             |  | Page 1 of 7 |  | 



---

This amendment No.3 to the Agreement (as defined below) is entered into as of this 11th day of December 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.

WHEREAS



|A. | The Buyer and the Seller entered into an A320 NEO Purchase Agreement dated June 22, 2011 covering the purchase by the Buyer and the sale by the Seller of twenty (20) A320 NEO Aircraft and such purchase
agreement, together with all exhibits, appendices and letter agreements thereto are together referred to as the Agreement.
|-- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|B. | The Buyer and the Seller entered into an amendment No. 1 to the Agreement dated February 27, 2013 covering the [***] of the date by which the Buyer selects the Propulsion Systems.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|C. | The Buyer and the Seller entered into an A320 family purchase agreement dated March 20, 1998 covering the purchase by the Buyer and the sale by the Seller of certain A320 family aircraft, and such purchase
agreement, its amendment No. 1 dated February 24th 2000, and all exhibits, appendices and letter agreements thereto are together referred to as the Original A320 Family Purchase
Agreement.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 3 - A320NEO Family PA |  |            
|Ref: CT1101195                             |  | Page 2 of 7 |  | 



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



---

|D. | The Buyer and the Seller entered into a deed of amendment and restatement of the Original A320 Family Purchase Agreement, dated August 2, 2000, dividing the Original A320 Family Purchase Agreement into two
(2) separate purchase agreements and pursuant to the second such agreement as supplemented with all exhibits, appendices and as amended, supplemented or otherwise modified to and including the date hereof (the Second A320 Family
Purchase Agreement) whereby, among other matters, the Seller shall sell and deliver and the Buyer shall take delivery of i) 2010 Incremental Aircraft (as such term is defined in the Second A320 Family Purchase Agreement) and ii) Second
Batch of Incremental Aircraft (as such term is defined in the Second A320 Family Purchase Agreement). Pursuant to amendment No.16 to the Second A320 Family Purchase Agreement dated of even date herewith, the Parties have agreed to convert twelve
(12) 2010 Incremental Aircraft into 2014 Incremental NEO Aircraft (as such term is defined below).
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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



|F. | The Buyer and the Seller entered into amendment No. 2 to the Agreement covering the order of 12 (twelve) Incremental A320 NEO Aircraft to become the 2014 Incremental NEO Aircraft (as such term is defined below),
such aircraft having been converted from 12 (twelve) 2010 Incremental Aircraft (as such term is defined in the Second A320 Family Purchase Agreement), and amending certain terms of the Agreement.
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|G. | The Buyer and the Seller now wish to enter into this amendment No. 3 to the Agreement (the Amendment No. 3) covering the order of 4 (four) Incremental A320 NEO Aircraft and 4 (four)
Incremental A321 NEO Aircraft to become the 2014 2nd Batch NEO Aircraft (as such term is defined below), such aircraft having been converted from 8 (eight) 2010 Incremental Aircraft (as such term
is defined in the Second A320 Family Purchase Agreement).
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

NOW IT IS HEREBY AGREED AS FOLLOWS:



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

The terms herein, hereof, and hereunder
and words of similar import refer to this Amendment No. 3 and capitalized terms used herein and not otherwise defined in this Amendment No. 3 will have the meanings assigned to them in the Agreement.



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



|1.1 | The Seller shall sell and deliver and the Buyer shall buy and take delivery of 4 (four) additional A320 NEO Aircraft and 4 (four) additional A321 NEO Aircraft upon the terms and conditions contained in this Amendment
No. 3 (the 2014 2nd Batch NEO Aircraft), such 2014 2nd Batch NEO Aircraft having been converted from 2010 Incremental
Aircraft (as such term is defined in the Second A320 Family Purchase Agreement).
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 3 - A320NEO Family PA |  |            
|Ref: CT1101195                             |  | Page 3 of 7 |  | 



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



---

|1.2 | All references to Aircraft in the Agreement and this Amendment No. 3 shall be also deemed to refer to the 2014 2nd Batch NEO Aircraft unless expressly
stipulated otherwise herein.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2. | 2014 2nd BATCH NEO AIRCRAFT
|-- | ---------------------------



|2.1 | DELIVERY SCHEDULE
|--- | -----------------



|2.1.1 | The Parties agree to delete the table contained in clause 9.1.1 of the Agreement in its entirety and replace it with the following:
|----- | -----------------------------------------------------------------------------------------------------------------------------------

QUOTE



|                           |  |            |    |  |              |  |      |                     |  |                              
|-------------------------- |  | ---------- | -- |  | ------------ |  | ---- | ------------------- |  | -----------------------------
|Scheduled DeliveryQuarters |  | Ranknumber |    |  | Aircrafttype |  |      | Aircraft defined as
|[***]                      |  |            | 1  |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 2  |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 3  |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 4  |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 5  |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 6  |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 7  |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 8  |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 9  |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 10 |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 11 |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 12 |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 13 |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 14 |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 15 |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 16 |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 17 |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 18 |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 19 |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 20 |  |              |  | A320 |                     |  | NEO Aircraft                 
|                           |  |            | 21 |  |              |  | A320 |                     |  | 2014 Incremental NEO Aircraft
|                           |  |            | 22 |  |              |  | A320 |                     |  | 2014 Incremental NEO Aircraft
|                           |  |            | 23 |  |              |  | A320 |                     |  | 2014 Incremental NEO Aircraft
|                           |  |            | 24 |  |              |  | A320 |                     |  | 2014 Incremental NEO Aircraft
|                           |  |            | 25 |  |              |  | A320 |                     |  | 2014 Incremental NEO Aircraft
|                           |  |            | 26 |  |              |  | A320 |                     |  | 2014 2nd Batch NEO Aircraft  
|                           |  |            | 27 |  |              |  | A320 |                     |  | 2014 2nd Batch NEO Aircraft  
|                           |  |            | 28 |  |              |  | A320 |                     |  | 2014 2nd Batch NEO Aircraft  
|                           |  |            | 29 |  |              |  | A320 |                     |  | 2014 Incremental NEO Aircraft
|                           |  |            | 30 |  |              |  | A320 |                     |  | 2014 Incremental NEO Aircraft



|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 3 - A320NEO Family PA |  |            
|Ref: CT1101195                             |  | Page 4 of 7 |  | 



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



---

|      |  |  |    |  |  |  |      |  |  |                              
|----- |  |  | -- |  |  |  | ---- |  |  | -----------------------------
|[***] |  |  | 31 |  |  |  | A320 |  |  | 2014 Incremental NEO Aircraft
|      |  |  | 32 |  |  |  | A320 |  |  | 2014 Incremental NEO Aircraft
|      |  |  | 33 |  |  |  | A320 |  |  | 2014 Incremental NEO Aircraft
|      |  |  | 34 |  |  |  | A320 |  |  | 2014 2nd Batch NEO Aircraft  
|      |  |  | 35 |  |  |  | A321 |  |  | 2014 2nd Batch NEO Aircraft  
|      |  |  | 36 |  |  |  | A321 |  |  | 2014 2nd Batch NEO Aircraft  
|      |  |  | 37 |  |  |  | A321 |  |  | 2014 2nd Batch NEO Aircraft  
|      |  |  | 38 |  |  |  | A320 |  |  | 2014 Incremental NEO Aircraft
|      |  |  | 39 |  |  |  | A320 |  |  | 2014 Incremental NEO Aircraft
|      |  |  | 40 |  |  |  | A321 |  |  | 2014 2nd Batch NEO Aircraft  

UNQUOTE



|2.2 | PREDELIVERY PAYMENTS
|--- | --------------------

The Predelivery Payments due to the Seller in respect of the 2014
2nd Batch NEO Aircraft upon the signature of this Amendment No. 3 is [***]

being the
amount due in accordance with clause 5.3 of the Agreement as of the date hereof and the Parties agree [***]



|2.3 | [***]
|--- | -----



|3. | EFFECT OF THE AMENDMENT
|-- | -----------------------



|3.1 | This Amendment No. 3 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.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.2 | The Agreement shall be deemed amended to the extent provided in this Amendment No. 3 and, except as specifically amended hereby, shall continue in full force and effect in accordance with its original terms.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.3 | The Parties agree that this Amendment No. 3 shall constitute an integral, non-severable part of the Agreement and be governed by all of its provisions.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------



|3.4 | In the event of any inconsistency between the terms and conditions of the Agreement and those of the present Amendment No. 3, 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.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 3 - A320NEO Family PA |  |            
|Ref: CT1101195                             |  | Page 5 of 7 |  | 



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



---

|3.5 | This Amendment No. 3 will not be modified or varied except by an instrument in writing executed by both Parties.
|--- | ----------------------------------------------------------------------------------------------------------------



|3.6 | The Parties hereby acknowledge and agree that this Amendment No. 3 is subject to the confidentiality provisions set forth in clause 22.12 of the Agreement.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------



|3.7 | The Parties agree that clause 21 of the Agreement shall govern the assignability and transferability of each Partys rights and obligations under this Amendment No. 3.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.8 | This Amendment No. 3 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.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.9 | This Amendment No. 3 shall be governed by and construed in accordance with the laws of England.
|--- | -----------------------------------------------------------------------------------------------



|                                           |  |             |  | 
|------------------------------------------ |  | ----------- |  | 
|A320NEO - LAN - AMDT 3 - A320NEO Family PA |  |            
|Ref: CT1101195                             |  | Page 6 of 7 |  | 





---

IN WITNESS WHEREOF this Amendment No. 3 to the 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/ [ILLEGIBLE] |  |                                           |  | By:   |  | /s/ Christophe Mourey          
|                                          |  |                 |  |                                          
|Its:                                      |  |                 |  |                                           |  | Its:  |  | Senior Vice President Contracts
|                                          |  |                 |  |                                          
|Date:                                     |  |                 |  |                                           |  | Date: |  |                                



LOGO



|                                           |  |      |  | 
|------------------------------------------ |  | ---- |  | 
|A320NEO - LAN - AMDT 3 - A320NEO Family PA |  | LOGO
|Ref: CT1101195                             |  |      |  |