LAN Airlines (Santiago de Chile) will retire its fleet of A340-300s while sister carrier TAM Linhas Aéreas (São Paulo Congonhas) will dispose of its A330-200s as part of LATAM Airlines Group's fleet restructuring objectives.

Announcing a consolidated operating income of USD147million for the First Quarter of 2014, LATAM said its post-merger fleet plan and fleet requirements include plans to reduce the variety of aircraft operated by phasing out less efficient models and allocating aircraft best suited to each one of its markets.

Among the types to be retired are the Airbus A330, A340, Boeing 737s and Q400s. With LAN Colombia (Bogotá) having recently retired its last B737-700 from its fleet and the Dash 8-400 having now left the Group completely, the only jets left for disposal on LATAM's list are sixteen A330-200s currently with TAM and three A340-300s currently with LAN.

The Chilean carrier currently operates the quadjet on flights to Auckland International, Madrid Barajas, Sydney Kingsford Smith, and Frankfurt International while TAM uses its A330s on regional flights to Buenos Aires Ministro Pistarini, Manaus International, and Porto Alegre International as well as long-haul flights to México City International, Miami International, Madrid, Milan Malpensa, New York JFK and Orlando International.

At present, LAN has twenty-five B787s on order from Boeing (BOE, Washington National) while TAM has thirty A350-900s on order from Airbus (AIB, Toulouse Blagnac).