Chile’s LAN Airlines Buys 32 Boeing Dreamliners

LAN Airlines is to buy 32 Boeing 787 Dreamliners for its long-haul fleet between 2011 and 2016. LAN will purchase 26 aircraft, and acquire 6 more via leasing contracts. The total investment will reach approximately $3.2 billion. Additionally, the Board approved 10 purchase options of the same aircraft model for 2017 and 2018.

This is the largest investment in the Company’s history and assures LAN’s future growth, as well as operating one of the world’s most modern fleets. The 787 Dreamliner model is estimated to commence commercial operations by year-end 2008 and will revolutionize the air industry as it incorporates the latest technology.

Customers will enjoy a more pleasant in-flight experience due to the technological advances featured inside the passenger cabin. In addition, the Dreamliner is fuel efficient, emitting 25 percent less carbon-dioxide emissions, and is considered an ecologically friendly airplane.

These new aircraft are aimed to replace and grow the Company’s long-haul fleet, and will allow LAN to operate new international routes that will be added to LAN Airline’s current network including LAN Peru, LAN Argentina and LAN Ecuador.

This is the largest fleet order in LAN’s history and is in addition to LAN’s previously announced fleet orders, which include the incorporation of 52 new passenger and cargo aircraft for short and long-haul routes, scheduled to be received between this 2007 and 2011.