Wednesday, July 21, 2010

LAN confirms orders of 50 A320's

Chile's dominant airline LAN said on Tuesday it has ordered 50 Airbus A320 planes with a list price of around $4.15 billion as the carrier seeks to expand its operations in Latin America. LAN plans to double its fleet with an investment of about $7.7 billion by 2018. The 50 short-haul planes would be incorporated in its fleet between 2012 and 2016 and used in regional and domestic routes in Latin America. LAN has placed orders for 95 A320 planes that it would be delivered between 2010 and 2016, and might sell 15 A318 planes, a company spokeswoman reported to press.
LAN was one of the Latin American companies that made large commercial plane orders at the Farnborough Airshow on Tuesday. The Chilean carrier, one of the region's profitable airlines, has gained passenger traffic, rising 15.5 percent in June from a year earlier after growing 13.9 percent in May. In December, LAN signed a contract to buy 30 new Airbus A320 short-haul planes worth around $1.97 billion.


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