Wednesday, July 21st 2010 - 06:43 UTC

Lan Chile renews fleet and purchases 50 Airbus A320 family

Chile’s flag air carrier Lan Airlines S.A. and its subsidiaries, one of the leading airlines in Latin America, announced Tuesday an agreement for the purchase of 50 modern Airbus A320 family aircraft to be delivered between 2012 and 2016.

Latinamerica’s leading airline and the new A321 with a capacity for approximately 210 passengers

The new aircraft will operate regional and domestic flights within Latin America. This order includes Airbus A319s and A320s, as well as, for the first time, the Airbus A321 which has a capacity for approximately 210 passengers.

The order is valued at approximately 4,150 billion USD according to list prices. Additionally, Lan’s strategic fleet renewal plan now involves the sale of its 15 Airbus A318s between 2011 and 2013. Lan also announced it has ordered CFM56-5B engines to power its Airbus A320 family fleet deliveries starting in 2011.

According to a release from the company “the incorporation of the new Airbus A320 family airplanes reflects Lan’s strong commitment to the environment as these aircraft incorporate the industry's latest technology and are highly efficient in fuel consumption, allowing for a substantial reduction in emissions, while also decreasing noise levels”.

“We confirm our commitment to the development of commercial aviation in Latin America, incorporating the best technology and offering our clients one of the world's most modern fleets. We continue investing in order to contribute to the economic growth and social development of countries in the region” said Ignacio Cueto, Lan’s Chief Operating Officer.

Lan Airlines is one of the leading passenger and cargo airlines in Latin America and with its affiliates serves over 70 destinations around the world through an extensive network that offers full connectivity within Latin America, while also linking the region with North America, Europe and the South Pacific, as well as 70 additional international destinations through its various alliances.

The Chilean company and its affiliates have a leading position in their respective domestic markets of Chile and Peru as well as an important presence in the Argentine domestic market and has completed its first year of operations in the domestic market of Ecuador.

Currently, Lan Airlines and its affiliates operate one of the most modern fleets in the world, with 86 passenger aircraft, and its cargo subsidiary, LAN CARGO and its respective cargo affiliates, have a fleet of 11 dedicated freighters. The company recently completed its short haul fleet renovation process by acquiring new aircraft from the Airbus A320 family, enabling Lan to improve its efficiency and to reduce significantly its CO2 emissions. The fleet renovation is part of the company's commitment to the protection of the environment.

Lan is one of the few Investment Grade airlines in the world (BBB).

Following the announcement of the operation Lan Airlines shares rose in Santiago trading, heading for the longest winning streak in five years. Latam’s biggest carrier by market value climbed 1.8% to a record 11,450 Chilean pesos, advancing for a tenth straight session.

7 comments Feed

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1 harrier61 (#) Jul 21st, 2010 - 08:46 am Report abuse
All those lovely European aircraft. Return flights Santiago-Punta Arenas-Stanley.
2 stick up your junta (#) Jul 21st, 2010 - 09:04 am Report abuse
The national Air carrier of Chile flies once a week from Santiago Chile to the Falkland Islands, this is by far the best way to travel to the Falklands in both cost and service, though it will take you longer as you would normally need to stay overnight in Santiago both ways. However this isn't a hardship as Santiago is a very pleasant city to explore..
3 jerry (#) Jul 21st, 2010 - 03:53 pm Report abuse
Hope that they will be more reliable than those used by Air France between Brazil and Paris.
4 Liberty (#) Jul 21st, 2010 - 04:28 pm Report abuse
I wonder when will be the day that the rest of us in Southamerica can travel from our own countries to the Falklands. Uruguay has a new beautiful airport and sea port but the government is subservient of the “Cabildo of Buenos Aires”. It's very sad to trade freedom for argentinean crumbs.
5 harrier61 (#) Jul 21st, 2010 - 07:18 pm Report abuse
Be an ally to Britain and the Falkland Islands. Street protests. Close “the” bridge. In fact, destroy the bridge. Remember, Argentina has designs on “reclaiming” Uruguay.
6 jerry (#) Jul 21st, 2010 - 09:34 pm Report abuse
#4 Liberty - The government of Buenos Aires has nothing to do with controlling Uruguay´s airport and/seaport. Perhaps the Argentina federal government has plenty of muscle (unfortunately), but the mayor of Buenos Aires can barely control his own city.
7 harrier61 (#) Jul 22nd, 2010 - 10:15 am Report abuse
Ahhh! But Twinky is always telling us how he and his colleagues are working on getting the Lan Chile flight to Stanley cancelled and getting Uruguay to fall into line.

Surely you couldn't be suggesting that Twinky is talking out the back of his neck OR, God forbid, lying?

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