EX-4.20.2



 Exhibit 4.20.2 

LETTER AGREEMENT N°1 
 to Amendment N° 2 

July 15, 2014 
 LATAM AIRLINES GROUP
S.A. 
 Edificio Huidobro 
 Avenida Presidente Riesco 5711
– 20th Floor 
 Las Condes 
 Santiago - Chile 

Subject : [***] 
 LATAM Airlines Group S.A. (the
“Buyer”) and Airbus S.A.S. (the “Seller”) have entered into an amendment N°2 to the A320 NEO Purchase Agreement (as defined therein) dated of even date herewith (“Amendment N°2”), which
covers the manufacture and the sale by the Seller and the purchase by the Buyer of the 2014 Incremental NEO Aircraft as defined therein. 
 Capitalized
terms used herein and not otherwise defined in this letter agreement N°1 to Amendment N°2 (the “Letter Agreement N°1”) shall have the meanings assigned thereto in the A320 NEO Purchase Agreement and/or Amendment
N°2 as the case may be. 
 Both Parties agree that this Letter Agreement N°1, upon execution thereof, shall constitute an integral, non-severable
part of said Amendment N°2 and shall be governed by all its provisions, as such provisions have been specifically amended pursuant to this Letter Agreement N°1. 

  

					
	A320NEO - LAN – LA1 to AMDT 2 - A320NEO Family PA		
	 Ref. CT11011954
		
 1
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 “[***]” This information is
subject to confidential treatment and has been omitted and filed separately with the commission. 








 LETTER AGREEMENT N°1 

to Amendment N° 2 
  

	1.	[***] 

  

	1.1	[***] 


  

					
	A320NEO - LAN – LA1 to AMDT 2 - A320NEO Family PA		
	 Ref. CT11011954
		
 2
/4		



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








 LETTER AGREEMENT N°1 

to Amendment N°2 
  

	 	[***] 

  

	2.	Assignment 

 The Parties agree that clause 21 of the Agreement shall govern the
assignability and transferability of each Party’s rights and obligations under this Letter Agreement N°1. 
  

	3.	Confidentiality 

 Each of the Parties hereto agree that the provisions of this Letter
Agreement N°1 are subject to the confidentiality provisions set forth in Clause 22.12 of the Agreement. 
  

	4.	Counterparts 

 This Letter Agreement N°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. 

  

					
	A320NEO - LAN – LA1 to AMDT 2 - A320NEO Family PA		
	 Ref. CT11011954
		
 3
/4		



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








 LETTER AGREEMENT N°1 

to Amendment N° 2 
 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 N°1 to the Seller. 
  

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

  
 



 

  

					
	A320NEO - LAN – LA1 to AMDT 2 - A320NEO Family PA	  	




	 Ref. CT11011954
	  	
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