Panama Jack
30th Jun 2005, 23:50
LAN AIRLINES TO ACQUIRE 25 AIRBUS A318 AND A319 AIRCRAFT
LAN Airlines S.A. ("LAN" or "the Company") announced today that its Board of Directors authorized the acquisition of 25 Airbus A318 and A319 aircraft. Additionally, the Company subscribed 15 options for similar aircraft.
Delivery of these aircraft will begin in 2006. The Company estimates that this order will represent an investment of approximately US$ 750 million. These aircraft add to the nine A319 aircraft from LAN's previous order that will be delivered between 2005 and 2008.
LAN and its affiliates will use these aircraft to operate international routes across Latin America, as well as in the Chilean, Peruvian and Argentine domestic markets. A portion of the new Airbus A318 and A319s will also be used to gradually replace LAN's Boeing 737-200 fleet.
LAN Airlines S.A. ("LAN" or "the Company") announced today that its Board of Directors authorized the acquisition of 25 Airbus A318 and A319 aircraft. Additionally, the Company subscribed 15 options for similar aircraft.
Delivery of these aircraft will begin in 2006. The Company estimates that this order will represent an investment of approximately US$ 750 million. These aircraft add to the nine A319 aircraft from LAN's previous order that will be delivered between 2005 and 2008.
LAN and its affiliates will use these aircraft to operate international routes across Latin America, as well as in the Chilean, Peruvian and Argentine domestic markets. A portion of the new Airbus A318 and A319s will also be used to gradually replace LAN's Boeing 737-200 fleet.