LAN Airlines, Chile’s flag carrier second-quarter net profit jumped to 60.6 million US dollars in line with market expectations, from 4.2 million USD a year earlier, the flagship carrier reported Tuesday.
Two Boeing 767-300s have been confirmed as the aircraft to be used for the South Atlantic Airbridge linking Brize Norton in the UK with the Falkland Islands while the Mount Pleasant runway is being resurfaced later this year.
Eight Chilean students and a lady teacher from Punta Areas public school system will be travelling on Saturday to the Falkland Islands for a three week English practice course.
Chile's flagship carrier LAN Airlines S.A. (NYSE:LFL) is looking to enter the Colombian domestic passenger market by helping Colombia’s Aeroasis S.A. obtain the necessary permits to operate in the country, Chief Executive Enrique Cueto said on Thursday.
Falkland Islands land-based receptive tourist operators estimate that this season there was a 10% contraction in in-bound numbers compared with 2008/09. However bookings for 2010/2011 are back at good season levels, according to a report in the latest edition of the Islands weekly Penguin News.
LAN (NYSE: LFL), Chile's dominant airline and flag carrier, announced Thursday it would invest 2.83 billion US dollars between 2010 and 2013 to expand its fleet. CEO Jorge Awad told a shareholder meeting the company would invest 500 million USD in 2010 and 1 billion USD in 2011 to purchase both short and long-haul aircraft.
Chile’s nationalized copper company—and the largest copper company in the world—has a new CEO. Diego Hernández Cabrera, a current executive with International mining giant BHP Billiton, was appointed unanimously this week as CEO by Codelco’s board of executives.
Chilean billionaire-businessman-turned-president Sebastian Piñera is in the process of selling Chilevisión, the third most watched television network in the country.