Category Archives: LAN Airlines (Chile)

LAN Airlines to help new airline Aeroasis gain a foothold in Colombia

LAN Airlines (Santiago) announced an agreement with Colombian airline Aeroasis S.A. (Bogota) to provide the paper airline with technical support and service consultancy in the process of obtaining an operating permit from the Colombian civil aviation authority (Unidad Administrativa Especial de Aeronรกutica Civil), within the established deadlines. This process includes the hiring of personnel and elaboration of technical materials, as well as the selection and acquisition of equipment, all according to the applicable legal and regulatory frameworks. Aeroasis was previously proposing in 2007 to start operations in November 2007 with five Boeing 737-300s. This is now likely to change to Airbus equipment once an AOC is obtained and sufficient capital raised.

LANโ€™s firm interest is that once Aeroasis obtains its AOC, the Colombian airline may become part of the LAN group of airline operators, through association and integration agreements, which shall, as applicable, be submitted for review to the corresponding authorities.

Aeroasis was incorporated in 2006 in the Republic of Colombia for the purpose of providing air transport for passengers, cargo and mail. Aeroasis is part of the CORSO y Cia. S.C. group.

LAN Airlines posts a first quarter net profit of $88.3 million

LAN Airlines (Santiago) reported net income of $88.3 million (US) for the first quarter 2010, an increase of 35.8% compared to the first quarter 2009, reflecting a strong recovery in both the cargo and passenger businesses.

Copyright Photo: Jay Selman. Boeing 767-316 ER CC-CXK of LAN Airlines (Chile) arrives at New York (JFK).

LAN Airlines will be one of the first airlines in the world to receive the Boeing 787 Dreamliner

LAN Airlines (Santiago) announced it has signed an agreement with Boeingย to adjust the delivery schedule of tenย Boeingย 787-8 Dreamliners to be incorporated into the its long haul fleet. This new delivery schedule moves up the first delivery by three years, previously scheduled for 2014 and now expected to start in the first quarter of 2011.

In this way, LAN Airlines becomes the first airline in the western hemisphere to receive the Dreamliner, which is expected to revolutionize the airline industry, incorporating the most advanced technology. These ten aircraft are part of the original order for 26ย Boeingย 787s placed by LAN in 2007 and previously scheduled for delivery between 2014 and 2019. In addition, LAN has outstanding orders for six leased Dreamliners.

Theย Boeingย 787-8 undertook its first flight inย December 2009ย and is expected to begin commercial operations later this year with ANA.

LAN Airlines is now serving all destinations again

Please click on the AG icon for a direct link to the LAN Airlines photo gallery.

LAN Airlines (Chile) (Santiago) reports that as of yesterday (March 9) passengers can once again purchase plane tickets for all destinations served by the airline.

LAN has designated an airplane that will fly fromย Santiagoย to Concepcion daily carrying shipments of humanitarian aid, volunteers and staff members from organizations includingย Hogar de Cristo (Christ’s Home), the Red Cross, Caritas,ย Un Techoย paraย Chile (A Roof forย Chile) andย Bomberos deย Chile (Firefighters ofย Chile).

LAN Airlines to resume partial operations today from Santiago

LAN Airlines (Chile) (Santiago) reports that starting today (March 2) the company will resume restricted domestic and international flight operations at theย Santiago (SCL).

LAN is helping to set up a temporary tent facility at theย Santiagoย terminal for passengers. The company is working to be able to resume just 15 percent of the domestic and international operations according to a press release.

The SCL terminal has remained closed for the past couple of days, and only a few flights have been authorized to land in order to bring passengers toย Chile’s capital city ofย Santiago.

First pictures of the damage to Santiago’s terminal

LAN Airlines (Chile) (Santiago) reported last last night, in accordance with the announcement made byย Chile’s Civil Aviation Authority, that the Arturo Merino Benitez International Airport inย Santiago, Chileย remains closed for both international and domestic flights due to the severe 8.8 earthquake in Chile.

LAN is working closely with the Chilean Ministry of Public Works, the Civil Aviation Authority and the terminal concession company to reinstate operations as soon as possible.

The companyย has beenย operating the 17 flights that were destined forย Santiago, Chileย onย February 27, and diverted to alternate airports.ย By the end of the day, all these flights will have arrived atย Santiago.

Flight operations at the Arturo Merino Benitez International Airport inย Santiagoย remain temporarily suspended.ย ย LAN will alert passengers as soon as airport authorities reopen the airport for operations.

Here are the first pictures of the damage to the SCL terminal (in Spanish);

http://www.fotos.emol.com/?G_ID=13641#

LAN Airlines diverts flights away from Santiago

LAN Airlines (Santiago) has informed its passengers, in accordance with the announcement from Chile’s Civil Aviation Authority, that theย Santiagoย international airport (SCL) remains closed due to the 8.8 earthquake that struck the country. The SCL terminal has sustained severe damage.

As a result, LAN Airlines operations to and from the city ofย Santiagoย have been temporarily suspended. Passengers on 17 of the airline’s flights from both national and international cities of origin have been redirected to alternative airports in compliance with the Chilean Civil Aviation Authority.

Flight operations will continue as scheduled to all of LAN Airlines and its affiliatesย South Americaย network and destinations outside ofย Chile.

Chile’s Pinera agrees to sell 8.56% LAN stake to Cueto family

Please click on AG icon for a direct link to the LAN photo gallery.

LAN Airlines’ (Chile) part-owner and also Chile’s President-elect, Sebastian Pinera, will sell a smaller-than-expected stake in the airline to his partners, leaving a portion for investors interested in one of Latin America’s biggest carriers.

Yesterday Pinera agreed to sell his 8.56 percent stake in LAN Airlines (Chile) (Santiago), worth around $500 million, to the Cueto family, a lower stake than the market first expected.

The center-right businessman had originally offered to sell 71.7 million shares worth $1.23 billion to the family, which along with Pinera is the controlling stakeholder in the Santiago-based carrier. The remaining 60 million shares will be sold to others starting between now and March 9, when Pinera officially completes the sale to the Cueto family.

Full news report from Reuters:

www.reuters.com/article/idCNN2221720220100223?rpc=44

LAN Airlines earns $231.1 million in 2009

Please click on the AG icon for a direct link to the LAN photo gallery.

LAN Airlines (Santiago)ย reported net income of $231.1 millionย for full year 2009. Net income declined 31.3% compared to full year 2008.

For the full year 2009 LAN’s operating margin reached 11.9%, a decrease of 2.6 points compared to the 14.5% operating margin achieved in 2008. Operating income amounted to $435.7 millionย in 2009, a 29.7% decrease compared to operating income of $619.8 millionย in 2008. Operating income for 2009 includes a $128.7 millionย loss related to fuel hedging.

LAN’s fourth quarter 2009 results reflect a strong recovery in both cargo and passenger operations. During the period, LAN reported net income of $109.8 million, a 17.6% increase compared to net income of $93.3 millionย reported in the fourth quarter 2008.

Full press release:

finance.yahoo.com/news/LAN-Airlines-Reports-Net-prnews-1979454043.html?x=0&.v=98

LAN Airlines signs contract for 30 Airbus A320 Family aircraft

Copyright Photo: Alvaro Romero. Please click on photo for full view, information and other photos.

LAN Airlines (Chile) Airbus A320-233 CC-COF (msn 1355) SCL

Originally uploaded by Airliners Gallery

LAN Airlines (Chile) (Santiago) has signed a contract for the purchase of 30 Airbus A320 Family aircraft to be delivered between 2011 and 2016.

The new aircraft will operate flights within Latin America as well as domestic routes in Argentina, Peru, Ecuador and Chile and will be used for the renewal and growth of the LAN’s short haul fleet. In addition to this purchase, LAN’s strategic fleet renewal plan involves the sale of five Airbus A318s in 2011.

Copyright Photo: Alvaro Romero.