LAN Airlines
NYSE : LFL

LAN Airlines

August 04, 2005 10:17 ET

46 New Aircraft Will Arrive in Four Years: LAN Airlines Acquires 12 767-300 Aircraft For Long-Haul Passenger and Cargo Operations

MIAMI--(CCNMatthews - Aug 4, 2005) -

LAN Airlines and LAN Cargo are acquiring 12 long-haul Boeing 767-300 aircraft for passenger and cargo operations, an investment totaling US$1.1 billion.

These aircraft, to be received between this year and 2008, are intended to double the company's freighter fleet, and also strengthen the international passenger routes serviced by LAN Alliance member airlines, including LAN Peru, LAN Argentina, LAN Ecuador and LAN Airlines, through lease arrangements.

This investment is in addition to the recent approval for the acquisition of 25 short-haul Airbus A319 and A318 aircraft already announced by LAN. This new measure, coupled with other acquisitions, will translate into 46 new aircraft over a four-year term for a total investment of approximately US$2.2 billion.

Enrique Cueto, LAN Airlines Chief Executive Officer, said "this delivery marks the beginning of a historical initiative that shows the company's confidence in the development of Latin American countries. The LAN Alliance, distinguished at an international level for its quality service, will offer its passenger and cargo clients one of the most modern fleets worldwide."

The LAN service alliance participating airlines LAN Airlines (NYSE:LFL), LAN Peru, LAN Ecuador and LAN Argentina offer a united spirit of reliability and charm that provides passengers the highest level of service and safety with the complete travel experience throughout the skies of the Americas.

The LAN alliance's vast route network reaches a large number of destinations throughout the world, including the Americas, Europe, Asia and the South Pacific. The alliance offers non-stop and direct flights from North America to Argentina, Chile, Colombia, Dominican Republic, Ecuador, Peru and Venezuela with service from 29 North American cities, including daily flights from its Miami, New York and Los Angeles gateways. Passengers traveling with any of the LAN Airline Alliance participating airlines may accumulate frequent flier kilometers in LANPASS. Additionally, passengers traveling with LAN Airlines or LAN Peru may also accumulate frequent flier miles in American Airlines' AAdvantage or any of the oneworld™ member frequent flier programs.

For additional information, contact LAN toll-free at 866-I-FLY-LAN (866-435-9526). Visit LAN's website at http://www.lan.com.

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