Phospholipase A and acyltransferase 2 (PLAAT2)

Exhibits PLA1/2 activity, catalyzing the calcium- independent hydrolysis of acyl groups in a variety of phosphatidylcholines (PC) and phosphatidylethanolamine (PE). For many substrates, PLA1 activity is much higher than PLA2 activity.

Catalyzes N-acylation of PE with both sn-1 and sn-2 palmitoyl groups of PC as acyl donor. Also catalyzes O-acylation converting lyso-PC into PC.